If an international business can offer a product that has been widely available in that market, the value of that product to consumers is likely to be much greater than if the international business offers a product that has not been widely available in t

Indicate whether the statement is true or false.

FALSE
If an international business can offer a product that has not been widely available in that market and that satisfies an unmet need, the value of that product to consumers is likely to be much greater than if the international business simply offers the same type of product that indigenous competitors and other foreign entrants are already offering.

Business

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Quality includes aesthetics, reliability, and serviceability

Indicate whether the statement is true or false

Business

The value of insurance comes from its ability to reduce the cost of ________ for the firm

A) adverse selection B) vertical integration C) overhead D) market imperfections

Business