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:

Marginal Cost

Is the cost of producing one additional unit of a good or service.

Least-cost Combination

An optimal mix of inputs that minimizes the cost of production while yielding a given level of output.

Net Gain

The difference between total revenues and total expenses, indicating the financial profitability of a transaction or activity.

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off, typically achieved when the economy effectively allocates resources to where they are most valued.