Which of These Is a Step in Deciding Whether to Expand

question 25

Multiple Choice

Which of these is a step in deciding whether to expand to international markets by building products specifically for those markets?

• A) Assessing the market
• B) Understanding how the market is different from your current market
• C) Determining if the opportunity is profitable
• D) All of the above

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Definitions:

Human Resource Management

The strategic approach to the effective management of people in a company or organization to help their business gain a competitive advantage, including hiring, training, and employee benefit design.

Replacement

The process of substituting one element for another, in human resources, it typically refers to filling a vacancy created by an outgoing employee.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded; market balance.

Trade

The exchange of goods or services between individuals, organizations, or countries.