Which of the Following Statements Is True Regarding International Opportunities

question 312

Multiple Choice

Which of the following statements is True regarding international opportunities in marketing?

• A) There is no need to consider international opportunities when the domestic market is prosperous.
• B) International trade is decreasing worldwide.
• C) A product with slow sales growth in a domestic market may experience faster growth in another country.
• D) Only large firms can engage in international marketing.
• E) All of these statements about international opportunities in marketing are True.

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Definitions:

Extra Utility

The additional satisfaction gained from consuming one more unit of a good or service.

Production Possibilities Curve

A graph that depicts the maximum feasible amounts of two commodities that a business can produce when those commodities compete for limited resources.

Technological Advance

The process of developing new technologies or improving existing ones to increase productivity or solve problems.

Soil Fertility

The ability of soil to provide essential nutrients to plants in adequate amounts for growth.