Compare the three product strategy choices a firm like General Electric has when selling in foreign markets

What will be an ideal response?


The three choices are a straight extension strategy, a product adaptation strategy, and a product invention strategy. The straight extension strategy retains the same product for domestic and foreign markets. In other words, the product is standardized. The product adaptation strategy recognizes that in many cases people in different cultures do have strong and different product preferences. Therefore, the product is modified, in small or significant ways, for each market. The product invention strategy means the company develops a new product to fit the specific needs of new foreign markets. This is a policy of localization.

Business

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With few exceptions, the balance of all accounts should be on the side of the T account that causes the increase

a. True b. False Indicate whether the statement is true or false

Business

An inflation-indexed Treasury bond is adjusted for inflation through changes in its coupon rate

Indicate whether the statement is true or false.

Business

If a contract is not enforced on the basis of the Statute of Frauds, the court has based its decision

on the presence of which type of fraud? A) Fraud by concealment B) The decision could not have been based on the presence of any of these three types of fraud. C) Fraud in the inducement D) Fraud in the inception E) The decision could have been based on the presence of any of these three types of fraud.

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One important tax rule concerning capital losses is that

A) capital losses are always fully deductible. B) a maximum of $3,000 of losses in excess of capital gains can be written off against ordinary income in any one year. C) a maximum of $10,000 of losses in excess of capital gains can be written off against other income in any one year. D) capital losses are never deductible.

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