In Expanding into Foreign Markets, a Company Can Strive to Gain

question 23

Multiple Choice

In expanding into foreign markets, a company can strive to gain competitive advantage (or offset domestic disadvantages) by

• A)building a state-of-the-art facility to fully capture scale economies via an export strategy.
• B)using export, licensing, or franchising strategies so as to minimize risk and capital investment.
• C)locating buyer-related activities in all countries where it sells its product.
• D)dispersing its activities among various countries in a manner that lowers costs or else helps achieve greater product differentiation and transferring competitively valuable competencies and capabilities from its domestic operations to its operations in foreign markets.
• E)avoiding the use of strategies that entail coordinating its domestic strategic moves with its strategic moves in the various foreign markets it enters.

Determine overtime earnings according to relevant laws.

Understand the implications of federal and state income tax withholdings on net pay.

Recognize the criteria for classifying employees as salaried under the FLSA.

Calculate the effects of allowances on federal income tax withholdings.

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Definitions:

Process Consultation

A consulting method in which a third-party adviser helps an organization improve its processes, focusing on interpersonal relationships and problem-solving strategies.

Conflict Resolution

The process of resolving a dispute or conflict by meeting the needs of all parties involved and addressing the underlying issues.

Technological Innovation

The process of developing and implementing new technologies or improving existing ones to meet emerging needs or to create new market opportunities.

Common Law

A body of unwritten laws based on legal precedents established by the courts, influencing and guiding judicial decision-making.