Functional Knowledge Refers to the Idea That Managers Must ________

question 31

Multiple Choice

Functional 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:

Role Acceptance

The process by which individuals agree to, and start performing, the behaviors expected of them in a particular role within a group or organization.

Role Performance

The enactment of behaviors or actions associated with a particular role in society or a specific context.

Performance Goals

Objectives set to assess the effectiveness or outcome of an action or series of actions, often used to evaluate success or progress in various contexts.

Competitive Result

The outcome of a contest or competition where participants strive against each other to achieve superiority or a victory.