When a Company Increases Its Growth Rate by Taking Goods

question 8

Multiple Choice

When a company increases its growth rate by taking goods or services developed at home and selling them internationally,it is

• A)leveraging its existing products.
• B)taking the path of least resistance.
• C)engaging in product positioning.
• D)realizing cost economies from global expansion.
• E)realizing location economies.

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Definitions:

Marginal Utility

The increase in happiness or usefulness experienced by a consumer when one more unit of a good or service is consumed.

Good A

A placeholder term that typically represents a general or unspecified item in economic models or discussions.

Good B

A term representing a specific product or service under consideration in an economic model or market analysis.

Marginal Utility

The increased fulfillment or advantage obtained by using one more unit of a good or service.