Product Knowledge Refers to the Idea That Managers Must ________

question 5

Multiple Choice

Product knowledge refers to the idea that managers must ________.

• A) understand the cultural, commercial, social, and economic conditions in each host country in which the firm does business
• B) be aware of the competitive forces that have implications for global strategy in each market
• C) comprehend features such as technological trends, customers needs, and competitive forces affecting the goods the firm produces
• D) have access to coworkers with expertise in basic business functions such as production, marketing, finance, accounting, human resources management, and information technology

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Definitions:

Crime Scene

A location where an illegal act occurred, being investigated for evidence.

Accused Person

An individual who is charged with a wrongdoing or crime.

Preponderance of Evidence

A standard of proof in civil cases, which requires that the greater weight of the evidence must support the party's case.

Reasonable Suspicion

A legal standard of proof in United States law that is less than probable cause, the standard for arrests, but more than an inchoate and unparticularized suspicion or hunch, used to justify brief stops and detentions, but not full searches.