As Firms Begin Exporting to Foreign Clients and Become What

question 33

Multiple Choice

As firms begin exporting to foreign clients and become what Adler calls "international corporations," they must:

• A) increase the standardization of products and services.
• B) adapt their products but not their approach to those of the local market.
• C) adapt their approach and products to those of the local market.
• D) adapt their approach but not their products to those of the local market.

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Definitions:

Net Exports Component

The value of a country's total exports minus its total imports, representing the external demand for its goods and services in the calculation of GDP.

U.S. GDP

The total monetary value of all goods and services produced within the United States’ borders in a specific time period.

Nominal U.S. GDP

The gross domestic product of the United States measured in current dollars, without adjusting for inflation.

Foreign Goods

Products made in a country other than one's own, often imported for sale or use.