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Country Project Team at ABC International Is Given the Task

question 3

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Country Project Team at ABC International is given the task to develop new product ideas for three different foreign markets.Team members possessed all the necessary information to make a good recommendation for each of the three countries,but they failed to do so because of the lack of insight and good judgment.This reflects which of these effective decision factors?


Definitions:

Acquisition

The purchase of one organization by another.

Formal Control

Structured procedures and mechanisms used by organizations to direct, monitor, and evaluate the behaviors and outputs of employees.

Distribution

The process or activity by which goods or services are spread or allocated across different areas or among various people.

Vertical Integration

Vertical Integration is a business strategy where a company expands its operations into different stages of production or distribution within its industry, often to control more of its supply chain.

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