The Advantages of Manufacturing Goods in a Particular Country and Exporting

question 71

Multiple Choice

The advantages of manufacturing goods in a particular country and exporting them to foreign markets

• A)are largely unaffected by fluctuating exchange rates.
• B)are greatest when local distributors and dealers in that country can be convinced not to carry products that are made outside the country's borders.
• C)can be wiped out when that country's currency grows weaker relative to the currencies of the countries where the output is being sold.
• D)are weakened when that country's currency grows stronger relative to the currencies of the countries where the output is being sold.
• E)are multiplied by the potential for local government officials to raise tariffs on the imports of foreign-made goods into their country.

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Definitions:

ROI

Return on Investment, a performance measure used to evaluate the efficiency or profitability of an investment.

Marketing Concept

A business philosophy suggesting that the key to achieving organizational goals consists of the company being more effective than competitors in creating, delivering, and communicating customer value to its selected target markets.

Consumers' Needs

The essential desires or requirements that customers seek to fulfill with the purchase of goods or services.

Market Orientation

A business philosophy where the company prioritizes identifying and meeting the needs of its customers through its product mix.