What Is One Recognized Way in Which Some Firms Make

question 25

Multiple Choice

What is one recognized way in which some firms make entry into the international market?

• A) Buying the country
• B) Establishing strong a domestic presence
• C) Giving employees additional benefits
• D) Licensing

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Definitions:

Efficient

The characteristic of maximizing output or effectiveness with the least waste of time, resources, or effort.

Opportunities

Chances or circumstances that allow for growth, development, or success in various areas such as business, personal life, or education.

Marginally Optimal

Describes an economic decision where the marginal benefit from the last unit of good or service consumed or produced is equal to its marginal cost.

Equilibrium

A state in a market where demand equals supply, and the market clears at a certain price and quantity, leading to no incentive for change.