Which of the International Operations Strategies Involves a Focus on High

question 79

Multiple Choice

Which of the international operations strategies involves a focus on high cost reductions and low local responsiveness?

• A) international strategy
• B) global strategy
• C) transnational strategy
• D) multidomestic strategy
• E) none of the above

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Definitions:

Income

Money received, especially on a regular basis, for work, through investments, or from any other source.

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' income.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Substitution Price Elasticity

A measure of how much the quantity demanded of one good responds to a change in the price of another good, indicating the degree to which these goods are substitutes.