Simply duplicating the practices companies have adopted (and have used successfully) in the domestic market and using them in foreign markets is an effective strategy for entrepreneurs

Only when prices are cut by less than the size of the cost advantage or the added volume makes up for lower margins per unit does a low-cost/low- ____________________ advantage result in improved profitability.

Fill in the blank(s) with the appropriate word(s).

The procedure of specifying the procedure to measure a property of an object is referred to as:

A) procedural measurement B) operational definition C) measurement procedure D) property measurement E) attribute measurement