Companies in the Regular Foreign Marketing Stage

question 74

Multiple Choice

Companies in the regular foreign marketing stage:

• A) fail to actively seek customers in international markets.
• B) market their products in international markets only when there is an extensive demand.
• C) do not, under any circumstance, adapt their products to meet the needs of individual foreign markets.
• D) lack permanent productive capacity that is devoted for production of goods and services to be marketed in international markets.
• E) primarily focus their operations and production to service domestic market needs.

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Definitions:

Secured Bond

A bond backed by collateral to decrease the risk of default.

Due Process

A fundamental legal principle that ensures fair treatments and procedures are followed by the government before depriving a person of life, liberty, or property.

Fourth Amendment

A provision in the U.S. Constitution protecting individuals from unreasonable searches and seizures by the government.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet legally formed, with certain conditions for later adoption by the corporation.