Which of the Following Are Reasons Why Companies Move into International

question 20

Multiple Choice

Which of the following are reasons why companies move into international operations?

• A) To take advantage of lower production costs in regions where labor costs are relatively low.
• B) To develop new markets for the firm's products.
• C) To better serve their primary customers.
• D) Because important raw materials are located abroad.
• E) All of the above.

Understand the technological advancements and their implications on the physical, digital, and biological worlds.

Understand the concept of ageism and its various types.

Analyze and articulate differences and similarities between generations.

Understand the concept of modularity in cognitive processes and identify its characteristics.

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Definitions:

Tolerance for Risk

The degree to which an individual or organization can withstand risk, particularly in investment, without experiencing adverse effects.

Risk Management

The process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, monitor, and control the probability or impact of undesirable events.

Command Systems

Economic systems where decisions about production, investment, and distribution are regulated by a central authority or government rather than market forces.

Consumer Sovereignty

The principle that consumer preferences and choices dictate the production and sale of goods and services in an economy.