What Is the Activity That Occurs in the Last Stage

question 88

Multiple Choice

What is the activity that occurs in the last stage of international development?

• A) The company invests in production facilities in key countries.
• B) The company exports, but trade is minor and handled by an export department.
• C) The company establishes its own export division with sales offices in other countries.
• D) The company operates in a global industry and establishes worldwide human resources, R&D, and financing strategies thereby denationalizing its operations.
• E) The company establishes local operating divisions in host countries to better serve individual country markets.

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Definitions:

Market Demand Curve

A graphical representation that shows the quantity of a good that all consumers are willing to purchase at various prices.

Gasoline Consumers

Individuals or entities that purchase gasoline for various uses such as fueling vehicles, generators, and other equipment.

Demand Function

A mathematical function showing the relationship between the quantity of a good demanded and its price, along with other determinants like consumer's income and prices of related goods.

Elasticity Of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with higher elasticity indicating greater responsiveness.