The Widespread Use of the Internet Has

question 17

Multiple Choice

The widespread use of the Internet has

• A) resulted in the near-elimination of the liability of foreignness.
• B) reduced the impact of economies of scale.
• C) allowed firms to inexpensively build an initial business in a foreign country.
• D) fostered global strategies rather than multidomestic strategies.

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Definitions:

Profits

The financial gain obtained when revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.

Marketing Costs

Expenses related to promoting, selling, and distributing a product or service, including advertising, sales force salaries, and promotional materials.

Marketplace

An open area or platform where goods and services are exchanged between buyers and sellers, including physical locations and online platforms.

Long Time

An extended period or duration, often used in the context of something that takes a considerable length of time to finish or endure.