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:

House of Quality

A fundamental part of the Quality Function Deployment process that translates customer requirements, based on marketing research and benchmarking data, into an appropriate number of engineering targets to be met by a new product design.

Service Provider

A company or individual that offers services to others in exchange for payment.

Customer Expectations

The beliefs or standards that customers have regarding the quality, delivery, and benefits of products or services.

Time-Based Competition

A business strategy that focuses on reducing the time needed to conceive, develop, manufacture, and market products.