Which of the Following Are Reasons That Many Firms Engage

question 69

Multiple Choice

Which of the following are reasons that many firms engage in exporting?

• A) Exports can allow the firm to serve markets where it has no or limited production facilities.
• B) Exports can offset cyclical sales in the firm's domestic market.
• C) Exports can test foreign markets and foreign competition inexpensively.
• D) All of the above.
• E) Two of A, B, and C.

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Definitions:

Achieved Status

Attributes developed throughout life as a result of effort and skill (e.g., course grades).

Biological Superiority

A controversial concept suggesting that some races or species are inherently superior to others based on biological differences.

Social Class

A division of society based on social and economic status, affecting individuals' opportunities, behavior, and lifestyle.

Social Class

A division of a society based on social and economic status, often determining access to resources and opportunities.