Which of the Following Is a Societal Consequence of Market

question 67

Multiple Choice

Which of the following is a societal consequence of market globalization?

• A) greater emphasis on proactive internationalization
• B) internationalization of firm's value chain
• C) new risks and instant rivalry from foreign competitors
• D) offshoring and the flight of jobs

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Definitions:

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies to identify areas for improvement.

Customer Perspective

An aspect of a business strategy that focuses on understanding and meeting the needs and expectations of customers.

Internal Business Process Perspective

A focus in performance management that evaluates the efficiency and effectiveness of company operations.

Client Satisfaction Rating

A measure used to quantify the degree to which a client is happy with the products or services provided by a business, often influencing loyalty and retention.