The "Liability of Foreignness" Is the

question 42

Multiple Choice

The "liability of foreignness" is the

• A) inability of most U.S. managers to truly comprehend foreign cultures.
• B) political disadvantage that U.S. firms have when doing business abroad.
• C) overall risks of participating outside a firm's domestic country when entering global competition.
• D) strong cultural preference for "buying local," which puts foreign firms at a disadvantage when competing in the U.S. market.

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Definitions:

Joint Probability Distribution

The probability distribution that captures the likelihood of two or more random variables taking on various combinations of values.

Independent

Not influenced by or contingent upon something else; in statistics, refers to variables that operate without dependency on other variables.

Joint Probability Distribution

Describes a probability distribution for two or more random variables simultaneously.

Car Salespeople

Professionals who specialize in selling automobiles, often working in dealerships to assist customers in finding and purchasing new or used vehicles.