International Business: Product Definition and Scope

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Questions and Answers

There are three major forms of product development in international/export marketing.

False (B)

Product standardization always leads to the biggest savings in international marketing.

True (A)

Product adaptations are uncommon in international/export marketing.

False (B)

There are only two approaches to product strategy in international marketing.

<p>False (B)</p> Signup and view all the answers

Finding new uses for existing products is not a form of product development.

<p>False (B)</p> Signup and view all the answers

Cost is a minor reason to globally standardize a company's marketing mix.

<p>False (B)</p> Signup and view all the answers

International marketing companies always adapt their products to foreign markets.

<p>False (B)</p> Signup and view all the answers

Product elimination is a form of product development in international/export marketing.

<p>True (A)</p> Signup and view all the answers

Changes in existing products are not a form of product development.

<p>False (B)</p> Signup and view all the answers

New product development is not a form of product development in international/export marketing.

<p>False (B)</p> Signup and view all the answers

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