When Pursuing a Market Development Strategy, Expanding into International Markets

question 127

Multiple Choice

When pursuing a market development strategy, expanding into international markets is generally

• A) more risky than expansion in domestic markets.
• B) impossible due to negative attitudes about American products.
• C) executed with the help of international trade subsidies.
• D) simplified by creating new products for export markets.
• E) the only option offering substantial opportunities for growth.

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Definitions:

World Population

The total number of humans currently living on Earth, which has been steadily increasing over decades.

Neoliberal Globalization

Neoliberal globalization refers to the worldwide economic integration driven by liberal policies that favor free-market capitalism, reducing trade barriers and encouraging international investment and growth.

Dependency Theorist

An individual who advocates for the dependency theory, which suggests that economic conditions in poorer countries are a result of the exploitation and dependence created by richer countries.

Modernization Theorist

An expert or advocate for the perspective that societies develop in linear stages towards achieving stable and prosperous democracies.