solution

Which of the following statements is true about globalization?

A.It is the spread of businesses across national borders.

B.It refers to the direct investment in production or business in one country by a business from another country.

C.It refers to the stages a product or service goes through during its lifespan.

D.It is the degree of difference between the cultures of two nations.

Firms choose to compete in international markets to ________.

A.improve sales in the home market

B.extend the lifespan of their machinery

C.raise profits by lowering cost
D.find high-value expensive resources

Which of the following is true of the introduction stage of the product life cycle?

A.It emphasizes increased sales and high profits.
B.It tries to minimize competition by forming an alliance with rivals.

C.It focuses not only on a proven concept but also a low price.
D.It tries to get early adopters to try out a new product.