The Global MNC Faces the Dual Challenge of Achieving Scale

question 42

Multiple Choice

The global MNC faces the dual challenge of achieving scale economies through standardization while at the same time responding to

• A) increased competition.
• B) local customer differences.
• C) higher prices.
• D) global economics.
• E) increased shipping expenses.

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Definitions:

Wi-Fi

A technology that allows electronic devices to connect to a wireless LAN network, typically using the 2.4 GHz or 5 GHz radio bands, for internet access or device networking.

Speedpass+

An app-based payment and loyalty system that allows customers to pay for goods and services from their mobile devices, primarily used at gas stations.

Exxon

A multinational oil and gas corporation headquartered in the United States, known for its significant impact on the energy sector.

RFID

Radio-Frequency Identification (RFID) is a technology used to automatically identify and track tags attached to objects using electromagnetic fields. It is used for inventory management, tracking, access control, and a multitude of other applications.