Which One of the Following Would Firms Who Wish to Go

question 34

Multiple Choice

Which one of the following would firms who wish to go global but who are not ready to assume significant risk resort to in order to compete internationally?

• A)licensing a local firm to manufacture the company's products
• B)acquiring a local operation
• C)government subsidized exporting programs
• D)setting up a local factory

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Definitions:

Private Enterprise System

An economic system where private individuals or groups, rather than the state, own and operate businesses.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like location, purchase volume, or customer segment.

Fair Competition

Practices that ensure an equitable and honest competitive environment in the marketplace.

Relationship Management

The strategy and practices of maintaining and improving relationships between an organization and its clients, customers, or other key stakeholders.