An Important First Step in Adapting a Product to a Foreign

question 31

True/False

An important first step in adapting a product to a foreign market is to determine the cost-benefit as perceived by the intended market.

---

Definitions:

Sharing Information

The act of disseminating knowledge, data, or insights among individuals or groups to facilitate collaboration or decision-making.

Competitive Advantage

The unique attributes or capabilities that allow an organization to outperform its competitors.

Socially Responsible

Refers to actions and policies of individuals or organizations that consider the well-being and fairness towards society and the environment.

Intuition

An experienced-based way of knowing or reasoning in which the weighing and balancing of evidence are done unconsciously and automatically.