A Company That Wants to Sell Products in a Foreign

question 163

Multiple Choice

A company that wants to sell products in a foreign country may:

• A) export its products from its home to foreign nations
• B) import its products to its home market
• C) manufacture its products in foreign nations
• D) export its products from its home market to foreign nations or manufacture its products in foreign nations
• E) export its products from its home market to foreign nations or import its products to its home market or manufacture its products in foreign nations

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Definitions:

Economic Environment

The combination of economic factors that impact the operation and performance of businesses, including inflation, employment rates, economic policy, and market demand.

Competitive Environment

The dynamic external system in which businesses compete against each other for market share and profitability.

Legal/Regulatory Environment

The framework of laws, regulations, and guidelines in which a business operates.

Sociocultural Environment

The environment that encompasses social and cultural factors which influence the behavior, beliefs, and practices of individuals within a society.