Firms with Core Competencies That Can Be Applied Across International

question 64

Multiple Choice

Firms with core competencies that can be applied across international markets are able to:

• A) achieve synergies and produce at lower costs.
• B) enter new markets more quickly.
• C) enhance their market image and brand loyalty among local consumers.
• D) meet local government requirements more quickly than their international competitors.

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Definitions:

Gross Method

An accounting method for recording purchases at the gross invoice amount before deducting any cash discounts.

Defective Merchandise

Products that are found to have flaws or faults which impair their functionality, appearance, or intended use.

Periodic Inventory System

An inventory system that updates inventory and cost of goods sold records at the end of an accounting period.