Question

Happy Lime Industries’s domestic demand has matured and leveled off. Consequently, the firm is looking to expand its operations overseas because it believes that its growth opportunities are more promising in foreign markets. Which of the following best describes the reason Happy Lime Industries has decided to go global? To broaden its markets. To avoid political, trade, and regulatory hurdles. To seek production efficiency.

Answer 1

Option A is correct.

To broaden its market.

Step-by-step explanation:

Happy Lime Industries has decided to go global in order to broaden its market.

By going global the Happy Lime Industries have broaden their market base. They can now approach to international customers and markets that will expand their growth opportunities.