Because of Threats and Risks in the Global Environment, Some

question 100

Multiple Choice

Because of threats and risks in the global environment, some firms choose to take a more cautious approach by:

• A) avoiding global markets altogether.
• B) expanding only to developed countries.
• C) focusing on global niche markets.
• D) acquiring already established firms in foreign markets.

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Definitions:

Empirically Derived

Developed or derived from practical experience and experimentation, rather than theories or pure logic.

Rational Method

A systematic approach to problem-solving and decision-making that is based on logical reasoning and empirical evidence.

Factor Analysis

A statistical technique for finding clusters of related traits, tests, or items.

Empirical Method

A way of gaining knowledge by means of direct observation or experience, relying on evidence that is observable and measurable.