Which of the Following Can Induce a Firm to Expand

question 3

Multiple Choice

Which of the following can induce a firm to expand into the international arena?

• A)Consumer preferences in the domestic market vary widely.
• B)Average income level of domestic consumers is high.
• C)The firm operates in an industry that caters to the mass market.
• D)The company wants to reduce its dependence on any one market.
• E)The firm is yet to achieve economies of scale even though the domestic market has potential.

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Definitions:

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A set of personal traits and qualities that denote an individual's strength, integrity, responsibility, and courage in facing challenges.

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Disagreements that occur when different cultural, personal, or organizational values clash, potentially leading to conflict.

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The failure to convey or understand information correctly between individuals, leading to confusion or conflict.