The traditional firm:
A)develops strategies needed to expand abroad at the time of the firm's founding.
B)begins with a "borderless" view of the world.
C)operates in the home country for many years and gradually evolves into international trade.
D)focuses on achieving superior performance in international business from the inception of the firm.
E)is defined as a business organization that, from inception, seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Question

Quizplus · Accepted Answer

The traditional firm typically starts its operations within the home country and over time, as it grows and matures, it may gradually expand into international markets. This evolutionary approach to international trade contrasts with more modern perspectives that advocate for a global or "borderless" view from the outset.

The Traditional Firm