The Appropriateness of the Strategy That a Firm Uses in an International

question 3

Multiple Choice

The appropriateness of the strategy that a firm uses in an international market varies with the extent of pressures for _____________ and ________________.

• A) cost reductions; availability of financing
• B) price concessions; quality improvements
• C) availability of financing; product standardization
• D) cost reductions; local responsiveness
• E) market size; market characteristics

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Definitions:

Accounts Payable

Liabilities or amounts a company owes to creditors or suppliers for goods or services that have been received but not yet paid for.

Sales Discount

A reduction from the listed or invoice price offered by a seller to a buyer, often to prompt early payment or reward bulk purchases.

Decrease Net Income

Any event or transaction that results in a reduction of the net income of a company.

Decrease In Assets

A reduction in the value or quantity of the resources owned by an entity.