Exporting Refers to a Global Market-Entry Strategy

question 295

Multiple Choice

Exporting refers to a global market-entry strategy

• A)in which a company will sell its products in international markets but not in its own domestic market.
• B)in which a company produces goods in one country and sells them in another country.
• C)in which a company will manufacture its product in several countries at the same time using different brand names and slight product modifications.
• D)in which a company will manufacture products specifically designed for non-domestic markets,but will sell those products to distributors who take title and resell the products to different companies around the world.
• E)whereby a product is made in one country,assembled in a second country,and ultimately marketed to a third country.

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Definitions:

Progressive Reforms

Initiatives and policies aimed at addressing social injustice, corruption, and economic inequality in the early 20th century United States.

Economic Recession

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

Civil Rights

The rights of citizens to political and social freedom and equality, often associated with movements to end discrimination and promote equal protection under the laws.

Underwood Tariff

A 1913 U.S. law that significantly lowered tariffs on imported goods for the first time since the Civil War and implemented an income tax following the ratification of the 16th Amendment.