Final answer:
The step that is not characteristic of increasing international business commitment is reducing investment in foreign markets, which would contradict the objective of expanding international presence. Other steps like market research, establishing local subsidiaries, and developing global supply chains are aligned with expanding international operations.
Step-by-step explanation:
The question involves identifying which of the following steps is not a step taken by companies when they increase their commitment to international business that involve more sophisticated strategies:
- Market research and analysis
- Establishing local subsidiaries
- Developing global supply chains
- Reducing investment in foreign markets
The step that is not characteristic of the progression towards greater international business commitment is reducing investment in foreign markets.
This action would be counterproductive to the goal of increasing international business presence. Instead, companies typically augment their international investment to bolster their position in foreign markets.
Steps such as conducting thorough market research and analysis, establishing local subsidiaries, and developing global supply chains are key actions a company would take to expand and strengthen its international business operations.
Implementing these steps contribute to the integration in international markets, improving efficiency, and enhancing competitive advantage.