21. When MNEs go abroad, they generally do so for two major reasons. There could be massive competition in the home market or firms may genuinely identify new business opportunities abroad based upon the company's competitive advantage in production, technology and management. a. True b. False 22. The step in the new product development process in which projections of potential revenues and profits for a potential new product are made is referred to as concept testing. a. True b. False 23. The level of education held by people in foreign countries must be such that high-tech products can be accepted because the market knows how to use them. a. True b. False 24. With business becoming increasingly global, its success, fortunately, depends only on the domestic environment. a. True b. False