The International Division Differs from the Export Department in That

question 33

Multiple Choice

The international division differs from the export department in that

• A)The international division is usually larger and has greater responsibilities.
• B)The international division has more extensive staff with international expertise.
• C)Top management expects the staff of the international division to perform functions such as negotiating licensing and joint venture agreements, translating promotional material, or providing expertise on different national cultures and social institutions.
• D)All of the above are true.

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Definitions:

Competitive Market Pressures

Forces within a free market that influence companies to improve products, lower prices, and become more efficient to stay competitive.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of society and one person's use does not diminish another's.

Private Goods

Products and services that are excludable and rivalrous, meaning only paying customers can consume them, and one person's consumption prevents another's.

Government Failures

occur when government action results in outcomes that fail to achieve desired welfare improvements or when the intervention leads to an inefficient allocation of resources.