The example of General Motors' business in China and Europe vividly illustrates that a firm's home market, not international markets, is always responsible for the majority of profits.

Question

Quizplus · Accepted Answer

The statement is false. The example of General Motors in China and Europe shows that international markets can also contribute significantly to a firm's profits. In 2016, General Motors reported higher profits from China than from North America, and its European division returned to profitability after years of losses.

The Example of General Motors' Business in China and Europe