Consider a firm, such as British Telecom $($BT$)$ that was a monopoly in the U$.$K$.$ telecommunications industry for a long time. According to Michael Porter, what may have been the primary reason for BT being late in having a global presence, whereas Finland's Nokia, along with its many Nordic telecom competitors were rapidly expanding globally?

$$The demand conditions outside the U$.$K$.$ may not have been very attractive

There was no infrastructure and resources to support BT outside the U$.$K$.$ market

$$BT lacked the experience of competition necessary for survival and expansion

$$There were no related industries outside the U$.$K$.$ that would support BT$\text{'}$s business

The demand in the telecommunications industry outside the U$.$K$.$ was growing rapidly