The only practical way for small businesses to compete globally is through directly investing in foreign production facilities.

Question

Quizplus · Accepted Answer

While investing in foreign production facilities can certainly be a method for small businesses to compete globally, it is not the only practical way. Other options may include leveraging technology and digital marketing, partnering with other businesses or distributors, developing unique niche products or services, or utilizing local expertise and knowledge to adapt to specific markets.

The Only Practical Way for Small Businesses to Compete Globally