Firms that play it safe and do not enter the global market are likely to lose their chances to enter other markets .

Question

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By not entering the global market, firms may miss out on opportunities to expand their customer base and revenue streams. In the long run, this could lead to losing their home markets as competitors who successfully entered the global market gain a larger market share and become more competitive. While they may protect themselves from global competition at home, they may also miss out on gaining a competitive edge by learning from and adapting to global market trends and practices. Option A and B may be true in some cases, but in general, playing it safe and not entering the global market limits a firm's growth potential and could lead to losing their home market. Option D is also incorrect as firms can still face foreign competition even without entering the global market.

Firms That Play It Safe and Do Not Enter the Global