Products and services that a firm sells in its domestic market will always also sell in foreign markets.

Question

Quizplus · Accepted Answer

This statement is not always true. The demand for a product or service may differ between domestic and foreign markets due to differences in cultural, economic, or regulatory factors. It is important for a firm to conduct market research and analyze foreign market conditions before deciding to enter a foreign market with their domestic products or services. They may need to adapt their offerings to meet the specific needs and preferences of foreign customers.

Products and Services That a Firm Sells in Its Domestic