Which of the Following Is a Risk That Firms Must

question 77

Multiple Choice

Which of the following is a risk that firms must consider prior to expanding abroad?

• A) The domestic consumers may prefer low-priced products.
• B) The market in the foreign country may be too similar to the domestic market.
• C) Consumers in the foreign country may be very particular about quality.
• D) The foreign country may have very low pollution control standards.
• E) Management may not understand the foreign country's business culture.

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Definitions:

Heirs

Individuals legally entitled to receive a portion of a deceased person's estate according to the law or the will of the deceased.

Spouse

A partner in marriage or a civil union, often sharing social, legal, and financial responsibilities.

Probate

The legal process by which a deceased person's will is validated and their property is distributed to heirs.

Individual

Referring to a single human being as distinct from a group, class, or family, emphasizing personal identity and autonomy.