Gen-Fast Shoes Wants to Expand Internationally and Is Deciding If

question 44

Multiple Choice

Gen-Fast Shoes wants to expand internationally and is deciding if its line of tennis shoes can be sold at a high price in Europe. One way for Gen-Fast Shoes to assess this is to determine whether these types of shoes in the foreign market offer customers greater

• A) cost.
• B) exports.
• C) value.
• D) competition.
• E) production.

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Definitions:

Subjective Opinion

An individual's personal and biased view, influenced by feelings, tastes, or opinions.

Going-concern Assumption

An accounting principle that assumes a company will continue to operate for the foreseeable future, not liquidate or reduce its operations significantly.

Operating

Pertaining to the ongoing, day-to-day activities necessary for an entity to function, including production, sales, and administrative tasks.

Business Ownership

Business Ownership entails the possession, control, and responsibility over a business entity, including rights to its assets and liabilities.