Which of the following statements about multinational firms is true?
Multinationals typically do not change their methods of reaching their global markets if they are successful with their initial strategy.
Multinationals are defined as companies heavily engaged in exporting and importing.
All multinationals must enter the fourth stage of globalization before they are fully internationalized.
Multinationals often develop their global businesses in stages.
The five stages of globalization closely mirror the five stages of the product life cycle.