If an Olive Oil Importer Sets Up Operations in Italy

question 96

Multiple Choice

If an olive oil importer sets up operations in Italy to be near its supplier, the company is going global by

• A) capitalizing on the special features of location.
• B) cutting costs.
• C) expanding its market.
• D) gaining access to resources.

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Definitions:

Cost-effective Manner

An approach or method that achieves the desired outcome without unnecessary expenditure, ensuring the best possible use of resources.

Procedures

Set methods or steps followed to complete certain tasks or operations within an organization or process.

On-the-job Training

Hands-on training provided to employees while they perform their regular work tasks.

Current Knowledge

The latest information, understanding, and insights available in a particular field or on a specific subject.