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
This Question Belongs to Management >> International Finance And Treasury
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