Scenario - Lewis Fabrication
Lewis Fabrication was founded in 2001 and is based in Maryland,USA.This company manufactures custom designed motorcycle parts and currently has over two thousand U.S.customers.Due to the growing number of inquiries received from foreign countries such as Japan,Canada,China,and Indonesia,Lewis Fabrication has decided to begin operations on a global scale.The owners realize there is much to learn before undertaking this monumental step.However,financial projections indicate about $1 million in profit is very likely in the first year of going global.The owners are very excited and looking forward to the business expansion.
-While Lewis Fabrication has decided to begin operations on a global scale,it realizes there is still much to learn.One of the fundamental things it must have knowledge on is the manner in which it can begin operations globally.Which one of the following would not be considered a choice for starting international business operations for this company?

Question

Quizplus · Accepted Answer

Opening wholly owned subsidiaries in the Midwest would not be a viable option for Lewis Fabrication to begin international operations. The Midwest refers to a specific region within the United States and does not involve foreign countries. Therefore, this option is not relevant to the company's goal of expanding globally. The other options, export-import business, licensing a foreign partner, selling franchises, and forming a strategic alliance with a foreign firm, are all viable ways for the company to enter international markets.