Different Physical Standards Can Require a Firm Pursuing International Opportunities

question 76

True/False

Different physical standards can require a firm pursuing international opportunities to change its current products or services to sell them into a nondomestic market.

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Definitions:

Breach Of Contract

The failure to fulfill the terms of a contract by one or more parties involved in the contract.

Performing

The act of fulfilling a command, duty, or role as required or agreed.

Commercially Impracticable

This term refers to situations where fulfilling a contractual obligation has become excessively burdensome or impossible due to unforeseen events, making performance “commercially impracticable.”

Foreseeable

The quality of being able to predict or anticipate an event as likely to happen based on available information.