Seeking to Extend the Product Life Cycle by Expanding into International

question 23

Multiple Choice

Seeking to extend the product life cycle by expanding into international markets has become a less effective strategy because

• A) customer preferences have become more similar around the world.
• B) income levels in many countries are insufficient to support this strategy.
• C) international delivery systems cannot handle the variety of company distribution systems.
• D) product life cycles have already been growing over the years.

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Definitions:

Dilemma of Regulation

The challenge of finding the right balance in regulatory policies, where too much regulation can stifle innovation and economic growth, while too little can lead to market failures and exploitation.

Natural Monopolies

Situations in which a single firm can supply a good or service to an entire market more efficiently than multiple firms could, often due to high infrastructure costs making competition impractical.

Allocative Efficiency

An economic state where resources are allocated in a way that maximizes the net benefit to society, considering both production and desires of consumers.