The Three Types of Companies That Populate and Compete in the Global

question 159

Multiple Choice

The three types of companies that populate and compete in the global marketplace are (1) international firms; (2) multinational firms;and (3) __________ firms.

• A)multiethnic
• B)transnational
• C)multidomestic
• D)ethnocentric
• E)meganational

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Definitions:

Resource Constraints

Limitations or shortages of resources such as time, money, manpower, and materials that affect the completion of a project or the growth of an economy.

Greenhouse Gases

Gases in Earth's atmosphere that trap heat, leading to global warming and climate change; includes carbon dioxide, methane, nitrous oxide, and fluorinated gases.

Fossil Fuels

Natural fuels such as coal, oil, and natural gas, formed from the remains of living organisms that can be burned to release energy.

Entrance Strategies

Plans or methodologies used by businesses to enter new markets or industries effectively.