Which of the following conforms to the notion put forward by the school of thought associated with stage models?
a. Firms will enter culturally distant countries during their first stage of internationalization.
b. Firms enter culturally distant countries in later stages when they may gain more confidence.
c. Natural resource-seeking firms have compelling reasons to enter culturally and institutionally distant countries.
d. Considerations of strategic goals are more important than cultural/institutional considerations.
Answer: b. Firms enter culturally distant countries in later stages when they may gain more confidence.