Companies Opt to Expand into Foreign Markets in Order to

question 48

Multiple Choice

Companies opt to expand into foreign markets in order to

• A)grow sales faster than the industry average,reduce the competitive threats from their rivals,and open up more opportunities to enter into strategic alliances.
• B)boost returns on investment,broaden their product lines,avoid tariffs and trade restrictions,and escape dealing with strong labor unions.
• C)avoid having to employ an export strategy,avoid the threat of cross-market subsidization from their rivals,and enable the use of a global strategy instead of a multidomestic strategy.
• D)raise the entry barriers for industry newcomers,neutralize the bargaining power of important suppliers,grow sales faster,and increase the number of loyal customers.
• E)gain access to new customers,achieve lower costs,enhance the company's competitiveness,capitalize on core competencies,and spread business risk across a wider market base.

---

Definitions:

Part B

Often associated with Medicare, Part B refers to medical insurance coverage for certain services and products not covered by Part A.

Gross Material Requirements Plan

A comprehensive schedule that projects the raw materials needed to meet production demands, factoring in inventory levels and supply lead times.

Time-Phased Schedule

A detailed timeline that outlines when specific tasks or activities should be completed, often used in project management and manufacturing to ensure processes are aligned.

Master Production Schedule

A plan for the production of finished goods that specifies the quantity and timing of each item to be produced.