Which of the Following Is True of Firms in the First

question 85

Multiple Choice

Which of the following is true of firms in the first two stages of international marketing involvement-no direct foreign marketing and infrequent foreign marketing?

• A) They do not begin internationalization at these stages.
• B) They take a strategic approach to decision making regarding international expansion.
• C) They are more reactive in nature and embark on internationalization without planning.
• D) They intend to maintain a continuous market representation in foreign markets.
• E) They are a result of dedicated production capacity maintained for foreign markets.

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Definitions:

Quantity Of Labor

The total hours worked or the number of workers employed by a business or within an economy.

Contracting Services

The process of engaging an external company to provide services that could be performed by in-house staff.

Signaling View

An economic theory that suggests that education serves as a signal to employers about a potential employee's abilities.

Surplus Of Labor

An excess supply of labor in the job market, where the number of workers seeking employment exceeds the number of job vacancies.