Prior to the 1990s, Startups Considered Going Global

question 20

Multiple Choice

Prior to the 1990s, startups considered going global

• A) only after they had established a solid position in the domestic market.
• B) early in the firm life cycle.
• C) from the beginning because market growth in the United States had stagnated.
• D) when they recognized the wealth of support the government provided to expand abroad.

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Definitions:

Mixed Costs

Expenses that contain both variable and fixed cost elements, changing in total with the level of activity but not in direct proportion.

Direct Materials

Raw materials that are directly traceable and integral to the finished product in the manufacturing process.

Production Costs

The total expenses incurred in the process of producing or manufacturing goods, including raw materials, labor, and overhead costs.

Fixed Portions

Parts of costs or expenses that do not change with the level of production or sales volume, such as rent or salaries.