Firms Measure a Foreign Country's Market Potential by Using the Human

question 124

Multiple Choice

Firms measure a foreign country's market potential by using the human development index.This method allows firms to determine the:

• A)market value of goods and services that are produced by the country in that year.
• B)relative wealth of that particular country.
• C)lifestyle elements that drive consumption levels of goods and services.
• D)distribution of population within a particular region.
• E)number of intermediaries required in the supply chain.

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Definitions:

Telephone Bill

A statement of charges for voice or data services provided by a telecommunications company.

Accounts Payable

Liabilities or money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Withdrawals

Withdrawals denote the act of taking out money from an account, or the amount of capital taken out by the owner from the business for personal use.

Sole Proprietorship

A type of business organization that has one owner. The owner is personally liable for paying the business’s debts.