Which of the following statements is incorrect?
A)Large European firms generally have many more individual owners than large U.S.firms.
B)One reason domestic firms "go global" is to sell products in new markets.
C)Often firms can avoid regulatory hurdles that apply to foreign manufacturers by establishing operations in the country where the hurdles apply.
D)A difficulty associated with doing business in international markets is that not all countries have the same currency.
E)Cultural differences among countries make it difficult for a multinational firm to use the same marketing strategy that is, packaging, advertising, and so forth in every country in which it operates.

Question

Quizplus · Accepted Answer

Large U.S. firms generally have more individual owners than large European firms. This is due to the fact that U.S. firms are more likely to be publicly traded and therefore have many individual shareholders, whereas in Europe, many large firms are family-owned or owned by a small number of large institutional investors.

Which of the Following Statements Is Incorrect