______ may be merely a stage in the evolution of international companies, and that increased globalization of sales and other value chain activities will occur over time as companies accumulate international experience.

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The complete statement reads "Semi globalization may be merely a stage in the evolution of international companies, and that increased...".This is further explained below.

What is Semi globalization?

Generally, Semi globalization is simply defined as a situation of imperfect cross-border integration.

In conclusion, To some extent, semi-globalization is only the beginning of a process that will eventually lead to a greater degree of globalization of sales and other value chain operations.

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