Define the internationalization process' four stages
What will be an ideal response?
Answer: Some companies don't act until events thrust them into the international arena. The internationalization process typically has four stages: no regular export activities; export via independent representatives (agents); establishment of one or more sales subsidiaries; and finally, establishment of production facilities abroad.
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According to BizRateResearch, the most effective financial incentive is:
A) price discounts B) contests and sweepstakes C) free gifts D) free shipping
Under inflationary conditions, FIFO generally results in a lower profit than does LIFO, and this difference can be substantial
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. If a restaurant serves a meal that the guest finds unsatisfactory, replacing the meal is a good recovery strategy. 2. A service failure is a great opportunity for the organization. 3. Putting money and effort into service recovery is good public relations, even if it is not good business. 4. The best failure is one that is discovered before it happens.
Using ________ pricing, companies are able to turn their trash into cash, allowing them to make the price of their main product more competitive
A) product bundle B) optional product C) captive product D) by-product E) product line