Discuss why international expansion is a viable diversification strategy that is being pursued by many firms.
What will be an ideal response?
The rise of globalization and market capitalism around the world has contributed to the economic boom in the New Economy, where knowledge is the key source of competitive advantage and value creation. Foreign markets can provide many opportunities for firms to increase their revenue base and their profitability.
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A product is anything that can be offered to a market to satisfy a want or need
Indicate whether the statement is true or false
If there is no legal way to keep competitors out of the market, these costs must be viewed as sunk costs that do not affect decision making after the product is introduced into the market. Identify the type of cost being discussed
A) development cost B) variable cost C) direct fixed cost D) overhead cost
Which of the following accounts is not closed?
a. Dividends b. Common Stock c. Interest Income d. Income Summary
People who perform complex jobs such as R&D are most creative when they are
a. highly paid. b. given stock options. c. given opportunity to do challenging work. d. under pressure. e. have large budgets.