In a Diversification Strategy for International Expansion, a Company Would

question 16

Multiple Choice

In a diversification strategy for international expansion, a company would move ________.

• A)rapidly into many foreign countries, and then gradually increase its presence in those countries
• B)rapidly into a few foreign countries with many of its products and most of its resources
• C)into one foreign country and fully expand its product lines in that country before moving to another country
• D)quickly into a regional foreign market but build up its resources in only a few of the countries in the region

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Definitions:

Liability

An obligation of the company arising from past transactions or events, the settlement of which may result in the transfer of assets, provision of services, or other yielding of economic benefits in the future.

Accounts Payable

Liabilities representing amounts the company owes to suppliers or creditors for goods and services received but not yet paid for.

Vouchers

Documents representing an internal intent to make a payment to an external party, often used in accounts payable processes.

Written Authorizations

Official documents or agreements that grant permission or rights, often used to approve financial transactions or operations.