When Seeking to Develop Competitive Strength in a Foreign Market

question 31

Multiple Choice

When seeking to develop competitive strength in a foreign market, firms generally DO not evaluate the

• A)differences among buyer tastes for a particular product or service from country to country.
• B)competitive pressures to lower costs.
• C)competitive risks associated with a fluctuating exchange rate.
• D)degree of country political risk.
• E)level of industry-related support activities to foster customization of products and services.

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Definitions:

Quantity

A measurable amount or the total number, volume, or extent of something.

Quality

Quality refers to the inherent or distinctive characteristics or properties of a product or service that determine its perceived value and reliability by the consumer.

Statute of Frauds

A legal principle that requires certain contracts to be in writing and signed by the parties involved to be enforceable.

Merchant

An individual or business entity engaged in the buying and selling of goods, especially with regards to the provisions of the Uniform Commercial Code (UCC) which define specific responsibilities and protections for merchants.