Which of the Following Can Induce a Firm to Expand

question 39

Multiple Choice

Which of the following can induce a firm to expand into the international arena?

• A) Consumer preferences in the domestic market vary widely.
• B) Average income level of domestic consumers is high.
• C) The firm operates in an industry that caters to the mass market.
• D) The firm finds that the domestic market is almost saturated.
• E) The firm is yet to achieve economies of scale even though the domestic market has potential.

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Definitions:

Placebo

A safe medication or treatment recommended primarily for its mental comfort to the patient rather than its physical health benefits.

Confounding Variable

An outside influence that changes the effect of a dependent and independent variable, potentially leading to a false association.

Random Assignment

The process of distributing participants or items in an experiment into different groups using randomization, to reduce bias and ensure statistical validity.

New Diet

Refers to a recently adopted eating plan or regimen aimed at achieving specific health or fitness goals.