Advances in Communications and Transportation Technology Have Changed the Internationalization

question 70

Multiple Choice

Advances in communications and transportation technology have changed the internationalization tendencies of firms by ________.

• A) establishing a cultural presence in a foreign market prior to establishing a facility
• B) providing accessible information about a product to customers but at a significantly higher cost
• C) focusing primarily on the need for local intermediaries to sell products in foreign markets
• D) reducing the risk and difficulty of doing business in markets with unfamiliar cultures

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Definitions:

Uncertainty

A situation where the outcomes or consequences of actions are unpredictable or unknown.

Well-structured Problem

A problem characterized by a clear goal, known solution paths, and definite criteria for evaluating solutions.

Uncertainty

A condition of limited knowledge where it is impossible to exactly describe existing states, future outcomes, or their probabilities.

Well-structured Problem

A problem that is clearly defined, with a clear path to the solution and known criteria for evaluating the solution.