The Appropriateness of the Strategy That a Firm Uses in an International

question 3

Multiple Choice

The appropriateness of the strategy that a firm uses in an international market varies with the extent of pressures for _____________ and ________________.

• A) cost reductions; availability of financing
• B) price concessions; quality improvements
• C) availability of financing; product standardization
• D) cost reductions; local responsiveness
• E) market size; market characteristics

---

Definitions:

Load

An electrical component or portion of a circuit that consumes electric power.

AC

Alternating Current, a type of electrical current in which the direction of the flow of electrons switches back and forth at regular intervals or cycles.

DC

Direct Current, an electric current flowing in one direction only.

Inductive Reactance

The opposition that an inductor presents to alternating current, due to the inductor's ability to store energy as a magnetic field.