To Expand a Market, an Emerging Motivation for Going Global

question 46

Multiple Choice

To expand a market, an emerging motivation for going global is to:

• A)take advantage of unique features of the local market.
• B)find buyers for highly specialised products.
• C)obtain tariff reductions.
• D)extend the product life cycle.

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Definitions:

Self-interest

The focus on one's own benefit or advantage, especially when pursued without regard for others.

Partnership Interest

The share or portion of the rights, profits, and losses in a partnership business allocated to a particular partner.

Management of Business

Involves overseeing the administration and strategic planning of a company or organization to ensure goals and objectives are achieved.

Essential Elements

The necessary components or factors required for a legal claim, contract, or theory to be valid or actionable.