From the statements given identify choose the correct answer.
Statement I To become a global corporation, a firm passes through different stages, viz, capturing markets abroad, establishing joint venture/subsidiaries abroad, developing into MNCs and moving towards global mode of operation.
Statement II Government support is not a pre-requisite of the successful globalisation of the business.

A. Both Statement I is correct and Statement II is wrong

B. Both statements are correct

C. Both statements are wrong

D. Statement I is wrong, but Statement II is correct

Answer: Option A