Cherry Is a Smartphone Manufacturing Company Based in India

Cherry is a smartphone manufacturing company based in India. The sales of Cherry phones are declining because of intense competition from similar products in the market. Cherry decides to pursue global opportunities by opening marketing and sales offices in Indonesia, Malaysia, and the Philippines. With this move, the company hopes to reduce investment risk and achieve stable sales. Which of the following is most likely the reason for Cherry's decision to pursue global expansion?

A) Reducing dependence on current markets
B) Accessing a deeper, more diverse talent pool of skilled managers
C) Obtaining investment capital for increased production
D) Decreasing efficiencies/economies of scale

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