Question

The rise in the number of mini-multinationals means that Group of answer choices there is greater state involvement in industry. small businesses are becoming increasingly involved in international trade and investment. countries are working together to minimize MNE influence. it is increasingly difficult to enter the large multinational market.

Answer 1

Answer:

small businesses are becoming increasingly involved in international trade and investment.

Explanation:

Even though the term mini-multinational corporation seems like an oxymoron, it is not. Mini-multinational corporations are medium (or even small) size companies that start to operate in more than 1 country and generally reach out to whole geographic regions, e.g. Central America, the Mercosur in South America, Southern Asia.

Even though when we hear the term small business we might think about a family restaurant or store, or a small bakery, legally, businesses are considered small if they have generally less than 500 employees (which is actually a lot of people) and their total sales are less than $35.5 million per year (which is also a lot).

Globalization and the internet has made it easier for small and medium sized businesses to start operating in more than one country since trade barriers have lowered significantly.