Question

How can Better Generation acquire the necessary resources for a rapid internationalization strategy?

A) Conduct market research to identify potential investors and partners.

B) Implement cost-cutting measures within the current operations.

C) Focus on local markets to generate revenue for international expansion.

D) Develop a detailed business plan highlighting potential international markets.

E) Utilize crowdfunding platforms to raise capital for expansion efforts.

Answer 1

Better Generation can acquire the necessary resources for a rapid internationalization strategy by conducting market research, developing a business plan, and utilizing crowdfunding platforms.

Step-by-step explanation:

In order for Better Generation to acquire the necessary resources for a rapid internationalization strategy, they can take the following steps:

1. Conduct market research to identify potential investors and partners: By analyzing the market, Better Generation can identify potential investors and partners who can provide the needed resources for international expansion.
2. Develop a detailed business plan highlighting potential international markets: By creating a comprehensive business plan that highlights potential international markets, Better Generation can attract investors who are interested in expanding into those markets.
3. Utilize crowdfunding platforms to raise capital for expansion efforts: Crowdfunding platforms can be a useful tool to raise capital for expansion efforts. By engaging with a larger community, Better Generation can generate support and funding for their internationalization strategy.

By implementing these steps, Better Generation can acquire the necessary resources for their rapid internationalization strategy.