QUESTION 5 When seeking internal approval, it is essential to strike the right balance between recognizing and accounting for the foreign target market needs while simultaneously projecting positive financial and strategic outcomes. O True O False QUESTION 6 When considering altering decisions regarding the 4Ps prior to foreign market entry, which statement is NOT true? Product may be altered to meet the needs of the foreign target market. Price (for similar products) should be similar to that of the home market price to avoid potential distributor conflict. Distribution channels (place) may vary significantly compared to the home market. Promotion should be carried out to make sure the product is known in the market. QUESTION 8 A major reason that many organizations choose to export their products rather than establish operations in a foreign market is that they are simply unwilling to engage in any product customization at all. True False QUESTION 11 When developing and communicating a target foreign market marketing plan, which objective should be the first step? O gain internal support O gain internal approval communicate to the target market channel partners O communicate to the target market customers QUESTION 13 When considering customer segments in a foreign target market, a good approach is to imagine that the market structure and dynamics of the foreign market will be similar to those of the home market. True O False Show your work or leave a comment