Question $1$

$0\mathrm{.}3pts$

What is the activity that occurs in the last stage of development of a multinational corporation?

Company invests in production facilities in key country

Company exports, but trade is minor and handled by an export department

Company establishes its own export division with sales offices in other countries

Company operates in a global industry and establishes worldwide personnel, R&D$,$ and financing strategies

Company establishes local operating divisions in host countries to better serve individual country markets