Which Type of Organization Is Focused on Adapting Its Products

question 24

Multiple Choice

Which type of organization is focused on adapting its products and services to each local market because it lacks coordinated product offerings in each country?

• A) global corporation
• B) franchise organization
• C) multinational corporation
• D) multi-unit national organization

Understand the concept of "creative destruction" and its significance in economic progress.

Understand the concept of price discrimination and its conditions.

Identify factors influencing a firm's decision to engage in price discrimination.

Recognize how price discrimination affects consumer prices based on demand elasticity.

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Definitions:

Timing-Of-Events Model

Theoretical model of personality development that describes adult psychosocial development as a response to the expected or unexpected occurrence and timing of important life events.

Psychosocial

Pertaining to the interrelation of social factors and individual thought and behavior.

Intimate Partner Violence

Physical, sexual, or psychological harm by a current or former partner or spouse, a serious and widespread issue across societies.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.