Companies That Pursue Which of the Following Strategies Are Trying

question 47

Multiple Choice

Companies that pursue which of the following strategies are trying to develop a business model that simultaneously achieves low costs, differentiates the product offering across geographic markets, and fosters a flow of skills between different subsidiaries in the company's global network of operations?

• A) Transnational
• B) Downsizing
• C) Centralization
• D) Localization
• E) Global standardization

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Definitions:

IQ

An abbreviation for Intelligence Quotient, a measure of a person's cognitive abilities and potential relative to their age group.

Divergent Thinking

A way of solving problems and generating creative ideas by exploring many possible solutions.

Heuristic Thinking

A mental shortcut that allows individuals to solve problems and make judgments quickly and efficiently.

Functional Fixedness

Functional fixedness is a cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering the ability to see alternative uses or solutions.