Which of the following is the first step in the decision for a business to expand globally?
A) determining which foreign markets to enter
B) determining how much it will cost to enter a new market
C) deciding how to organize the overseas operations
D) applying for special export credits

Question

Quizplus · Accepted Answer

Determining which foreign markets to enter is the first step in the decision to expand globally. This involves researching potential markets and analyzing factors such as market size, competition, cultural differences, and regulatory requirements. Once potential markets have been identified, the business can then determine how much it will cost to enter and how to organize its operations in those markets. Applying for special export credits may come later in the process.

Which of the Following Is the First Step in the Decision