When a Firm Operates in Multiple Geographic Markets Simultaneously It

question 35

Multiple Choice

When a firm operates in multiple geographic markets simultaneously it is said to be implementing a(n)

• A) international diversification strategy.
• B) product-differentiation strategy.
• C) geographic market diversification strategy.
• D) geographic market differentiation strategy.

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Definitions:

Block Grants

A type of financial aid issued by the federal government to state or local governments for broad purposes with few restrictions on how it is spent.

General Revenue Sharing

A federal government program that provides funds to local governments with minimal restrictions on how the money is spent, allowing for local discretion.

Unfunded Mandates

Regulations or mandates imposed by higher levels of government without providing the necessary funding to fulfill them.

Tenth Amendment

An amendment to the U.S. Constitution that reserves powers not delegated to the federal government to the states or to the people.