When It Comes to Expanding the Market, an Emerging Motivation

question 44

Multiple Choice

When it comes to expanding the market, an emerging motivation for going global is to

• A) take advantage of unique features of the local market.
• B) find buyers for highly specialized products.
• C) obtain tariff reductions.
• D) extend the product life cycle.

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Definitions:

Drive

An internal motivating force that compels action towards fulfilling a need or achieving a goal.

Incentive

Something that motivates or encourages someone to do something, often used in contexts of motivation and behavioral economics.

Need

A requirement for something because it is essential or very important, often referring to something necessary for psychological or physical survival.

Drive Reduction

A theory in psychology that motivation arises from biological needs driving behavior to return to a state of homeostasis or balance.