A technology firm is evaluating potential countries for expansion based on market size, technological infrastructure, and regulatory environment. Which strategic approach should the firm take to minimize risk while maximizing growth potential in these new markets?

Group of answer choices

Enter one market at a time, starting with the one with the least regulatory hurdles.

Simultaneously enter several small markets to spread risk.

Partner with local firms in each new market to share risk and gain local insights.

Focus on countries with the most advanced technological infrastructure regardless of size.