Experts Suggest That Firms Wanting to Globalize Through E-Commerce Must

question 78

Multiple Choice

Experts suggest that firms wanting to globalize through e-commerce must first localize, which means firms need to ________.

• A)use local suppliers, vendors, and distributors to manufacture products for the local market
• B)modify their products and services to meet the needs and interests of local cultures
• C)sell their products in a brick-and-mortar store before selling them through an e-market
• D)test their products and services in local markets before selling them over the Internet

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Definitions:

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses are deducted.

Statement of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

Net Cash Flow

The variance between the amount of cash coming into a business and going out of it during a given time frame.

Precise Research Question

A well-defined and specific question that guides a research study, intended to facilitate focused and meaningful investigation.