3M Has Built Its Export Success on All of These

question 67

Multiple Choice

3M has built its export success on all of these principles except:

• A) adding additional product lines once export operation is successful.
• B) cultivating personal relationships with customers.
• C) hiring local to promote the firm's products.
• D) entering on a small scale to reduce risks.
• E) using a first mover strategy.

---

Definitions:

Capital Equipment

Long-lasting tools, machinery, or infrastructure used in the production of goods and services.

Fertile Land

Soil or land that is rich in nutrients, making it highly productive for agriculture.

Scarcity

A situation in which available resources are insufficient to satisfy all wants and demands.

Recessions

Periods of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in successive quarters.