Why do companies look beyond their domestic markets to expand?

A. Cost Reduction Opportunity
B. New Market Opportunities
C. Resource Base Control
D. Closeness to Market
E. All of the above

Ans: B. New Market Opportunities

Business

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IKEA met with initial success in Japan by its willingness to suit local preferences and sell higher-quality furnishings than it did in its other markets

Indicate whether the statement is true or false

Business

Which of the following is a drawback of 360-degree feedback?

A) It cannot be used to improve performance as it is descriptive, but not prescriptive. B) It gives the employee only the supervisor's point of view and no option for discussion. C) It complicates relationships between peers and may result in biased feedback. D) It provides a very one-sided view of an employee's performance and may not consider important aspects. E) It ensures that peer judgement is avoided, or eliminated totally, increasing the objectivity of the review.

Business