Which of the Following Is True of Overseas Expansion in Businesses

question 26

Multiple Choice

Which of the following is true of overseas expansion in businesses?

• A) It leads businesses to purchase supplies in lesser numbers.
• B) It gives a firm a weaker leverage when negotiating prices with its suppliers.
• C) It results in economies of scale that lower a firm's production costs.
• D) It restricts access to more customers.
• E) It restricts the diversification of a political risk.

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Definitions:

Cross-cultural Communication Barriers

Obstacles that hinder effective communication between people from different cultural backgrounds due to differences in language, norms, and expectations.

Native Languages

The first languages that people learn in childhood and identify as part of their cultural heritage.

Culturally Diverse Team

Culturally Diverse Team is a group of individuals from various cultural backgrounds, ethnicity, and nationalities working together towards a common goal.

Selective Listening

The process of hearing and interpreting only parts of a message that seem beneficial or affirm one’s own beliefs, while ignoring other parts.