Most firms begin their involvement in overseas business by:
A)exporting.
B)licensing.
C)joint ventures.
D)wholly owned subsidiaries.
E)contract ventures

Question

Quizplus · Accepted Answer

Exporting is the most common way for firms to begin their involvement in overseas business as it allows them to test the market with minimal investment and risk. By exporting, firms can gain experience in doing business abroad and gradually expand their operations through other forms of international business such as licensing, joint ventures, or wholly owned subsidiaries.

Most Firms Begin Their Involvement in Overseas Business By