A Firm Is Currently Seeking Resources from Foreign Countries

question 82

Multiple Choice

A firm is currently seeking resources from foreign countries.Which of the following is the LEAST likely reason for doing so?

• A) manufacturing products at a lower cost
• B) gaining knowledge about a specific market
• C) following a customer into the global market
• D) differentiating its products from the competition

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Definitions:

Merchandising Business

A type of business that purchases goods and resells them to consumers without changing their form, primarily making profit through the retail or wholesale of products.

Service Business

A business that provides intangible products or services to customers rather than physical goods.

Closing Entries

The entries that transfer the balances of the revenue, expense, and drawing accounts to the owner’s capital account.

Ratio of Sales

A financial metric used to analyze a company's performance, efficiency, or market position, calculated by comparing sales figures to various other components.