From the statements given below, choose the correct answer:Statement I: To become a global corporation, a firm passes through different stages, via, capturing markets abroad, establishing joint venture/subsidiaries abroad, developing into MNCs and moving towards global mode of operation.Statement II: Government support is not a pre-requisite for the successful globalization of the business.

• A. Statement I is correct and II is wrong.
• B. Statements I and II are correct.
• C. Statements I and II are wrong.
• D. Statement I is wrong, but II is correct.