Which of the Following Is a Risk That Firms Must

question 118

Multiple Choice

Which of the following is a risk that firms must consider prior to expanding abroad?

• A) The domestic consumers prefer low-priced products.
• B) The market in the foreign country may be too similar to the domestic market.
• C) Consumers in the foreign country are very particular about the quality of the goods they consume.
• D) The foreign country has very low pollution control standards.
• E) The foreign country's business culture may be too different from the domestic country.

---

Definitions:

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in the context of that individual's own culture.

Folkways

Norms or customary behaviors that are socially approved but not morally significant, dictating appropriate manners and actions in daily routines and interactions.

Severe Punishment

Harsh or extreme disciplinary actions taken in response to an individual's wrongdoing, often intended as a deterrent against future offenses.

Norms

The unwritten rules or standards of behavior considered acceptable within a society or social group.