The Process of Targeting and Serving Markets Outside the Home

question 31

Multiple Choice

The process of targeting and serving markets outside the home country is known as ________.

• A) market diversification
• B) competition intensity
• C) reactive internationalization
• D) trade protectionism

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Definitions:

Slower

Moving or operating at a reduced speed or pace compared to normal or expected.

Detailed Cost Estimates

Detailed cost estimates refer to the comprehensive evaluation of all anticipated costs involved in completing a project, task, or product development.

Actual Cost

The true, total expense incurred for a project, activity, or item.

Earned Value

A project management technique for measuring project performance and progress in an objective manner.