Question

Creative Coverings is a small interior design company owned and managed by Lisa Smith. Since the company was established seven years ago, Lisa has only worked with clients near her hometown in Maryland. Creative Coverings fits into which stage of globalization?

a) Domestic company
b) International company
c) Multinational company
d) Global company

Answer 1

Creative Coverings, which operates solely near its owner's hometown in Maryland, is classified as a domestic company because it conducts business within one country and has no international presence.

Step-by-step explanation:

Given the information about Creative Coverings, a small interior design company that operates only in the vicinity of its owner's hometown in Maryland, it falls under the category of a domestic company. This term refers to companies that conduct their business within the boundaries of one country and do not have a market presence internationally. Since Creative Coverings has limited its operations to near the owner Lisa Smith's hometown and has not expanded beyond the national borders, the correct stage of globalization for this company is a domestic company.