Complete the Following Using the Terms Listed

question 17

Multiple Choice

Complete the following using the terms listed.
-A(n) _____ develops and markets products to serve different needs and tastes of separate national markets.

• A)offshoring
• B)balance of trade
• C)joint venture
• D)Dumping
• E)Imports
• F)tariff
• G)International Monetary Fund
• H)World Trade Organization
• I)free trade area
• J)Devaluation
• K)exchange rate
• L)absolute advantage
• M)global business strategy
• N)Quota
• O)multidomestic strategy
• P)balance of payments
• Q)comparative advantage

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Definitions:

Unique in Character

Having distinctive qualities or attributes that set something or someone apart from others.

Percentage of Sales

A financial metric used to determine the ratio of a particular expense or investment to the total sales generated.

Sales Budgeting Approach

A method for planning and controlling sales activities by estimating probable expenses and revenues over a specific period.

Competitive Parity

A strategy where a company sets its marketing budget or price levels to match those of its competitors.