Which of the Following Is an Option for Tailoring a Company's

question 91

Multiple Choice

Which of the following is an option for tailoring a company's strategy to fit unusual circumstances presented in developing-country markets?

• A) Prepare to compete on the basis of low price.
• B) Modify aspects of company's business model and/or strategy to accommodate local customs.
• C) Attempt to modify the local market to do business in the manner that the company works elsewhere.
• D) Avoid markets where it is impractical or uneconomic to do business in such a way as to accommodate local circumstances.
• E) All of these.

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Definitions:

Customer Refunds Payable

A liability account for estimated refunds and allowances that will be paid or granted to customers in the future.

Estimated Returns Inventory

A current asset account for the estimated amount of merchandise that will be returned by customers.

Customer Refunds Payable

Liabilities owed to customers for products or services that were sold but later returned or found unacceptable.

Perpetual Inventory

An inventory tracking system that records the sale or purchase of inventory immediately through the use of computerized systems.