Question

Which of the following statements is correct? Select one: a. Financial institutions in other countries generally are less regulated than in the United States. b. One reason domestic firms "go global" is to sell products in saturated markets. c. One of the advantages associated with doing business in international markets is that all countries report their financial statements in the U.S. dollar. d. Often firms can avoid labor laws that apply to foreign manufacturers by establishing manufacturing units in the country where the hurdles apply. e. A multinational firm takes advantage of the cultural differences among countries and uses the same marketing strategy in every country in which it operates.

Answer 1

Answer:

A

Explanation:

Domestic firms go global in order to enter unsaturated markets

Not all countries report their financial statements in US dollars

Firms can avoid labour laws that apply to foreign manufacturers by establishing manufacturing units in the country where the hurdles don't apply

Due to cultural differences, different marketing strategies have to be applied