Which of the Following Is a Characteristic of Successful International

question 39

Multiple Choice

Which of the following is a characteristic of successful international retailers?

• A) conservative managers and salespeople and a centralized organizational system
• B) an entrepreneurial approach to foreign markets and an understanding of the target market
• C) significant financial borrowings and high foreign and domestic operational costs
• D) extreme competition and support from home-country governments exclusively

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Definitions:

Deductible

An amount to be paid before insurance will pay.

Double-entry Bookkeeping

An accounting method where each entry to an account requires a corresponding and opposite entry to a different account.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.

Complex Businesses

Enterprises that operate in multiple industries or markets, have various products or services, and face multifaceted management challenges.