Which of the following statements is correct?

Select one:

a. Financial institutions in other countries generally are less regulated than in the United States.

b. One reason domestic firms "go global" is to sell products in saturated markets.

c. Often firms can avoid regulatory hurdles that apply to foreign manufacturers by establishing manufacturing units in the country where the hurdles apply.

d. One of the advantages associated with doing business in international markets is that all countries report their financial statements in the US dollar.

e. Cultural differences among countries gives advantage to a multinational firm to use the same marketing strategy that is, packaging, advertising, and so forth in every country in which it operates.