A Firm Would Be Most Likely to Use Backward Invention

question 64

Multiple Choice

A firm would be most likely to use backward invention in which of the following situations?

• A) when it needs to offer a less complex product in a foreign market than it sells elsewhere
• B) when it has decided to rely on a straight extension strategy
• C) when it first markets a product internationally
• D) when it participates in a free trade zone
• E) when it relies on the practice of dumping

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Definitions:

Effective Teamwork

The collaborative effort of a group to achieve common goals and objectives efficiently and effectively, often characterized by mutual respect, communication, and coordination.

Ergonomic Job Design

The process of designing workstations, tools, and job tasks to fit the physical and cognitive abilities of employees to reduce the risk of injury and increase job efficiency.

Occupational Safety and Health Administration

A U.S. government agency responsible for ensuring safe and healthy working conditions by setting and enforcing standards and by providing training, outreach, education, and assistance.

Industrial Engineering

A branch of engineering that focuses on the optimization of complex processes, systems, or organizations by improving productivity, efficiency, and effectiveness.