The Tendency of Firms to Extend Their Sales or Manufacturing

question 53

Multiple Choice

The tendency of firms to extend their sales or manufacturing to new markets abroad is known as

• A) cultural diversity.
• B) globalization.
• C) international marketing.
• D) product diversification.
• E) domestication.

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Definitions:

Advantage

A condition or circumstance that places one in a favorable or superior position, often compared to competitors.

OS

Operating System, software that manages computer hardware, software resources, and provides common services for computer programs.

Director

An individual appointed or elected to the board of an organization who is responsible for overseeing and guiding the company's policies, finances, and operations.

Systems Software

The class of computer instructions that serve primarily as an intermediary between computer hardware and application programs; provides important self-regulatory functions for computer systems.