Which of the Following Statements Is Incorrect

question 25

Multiple Choice

Which of the following statements is incorrect?

• A)Large European firms generally have many more individual owners than large U.S.firms.
• B)One reason domestic firms "go global" is to sell products in new markets.
• C)Often firms can avoid regulatory hurdles that apply to foreign manufacturers by establishing operations in the country where the hurdles apply.
• D)A difficulty associated with doing business in international markets is that not all countries have the same currency.
• E)Cultural differences among countries make it difficult for a multinational firm to use the same marketing strategy that is, packaging, advertising, and so forth in every country in which it operates.

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Definitions:

Equilibrate

The process of achieving balance or stability within a system, particularly in the context of cognitive development as described by Jean Piaget.

Piaget

A psychologist known for his theory of cognitive development that describes how children's intellect grows through stages.

Logically

In a manner that is based on clear, sound reasoning or the formal principles of reasoning.