A Strategy for Going Global Through Contractual Agreements in Which

question 42

Multiple Choice

A strategy for going global through contractual agreements in which the production of goods or services is assigned to local companies is termed as _____.

• A) sole sourcing
• B) a differentiation strategy
• C) an offset strategy
• D) subcontracting

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Definitions:

Production

The process of creating, manufacturing, or producing goods and services.

Organization Chart

Visual representation of a firm’s structure that illustrates job positions and functions.

Operational Plan

is a detailed outline of how an organization's strategic goals will be achieved through specific actions and resources over a short period.

Free-Reign Style

A leadership approach where employees are given significant freedom in how they choose to complete their work, promoting autonomy and self-direction.