The Polycentric Approach to Management Is Most Likely Used by Firms

question 17

Multiple Choice

The polycentric approach to management is most likely used by firms that ________.

• A) operate internationally the same way they do domestically
• B) customize their operations for each foreign market in which they serve
• C) analyze the needs of their customers worldwide and then adopt standardized operations for all markets they serve
• D) adapt their marketing strategies for foreign markets, but not their finance strategies

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Definitions:

Parcel

A specific piece of land, identified by boundaries or property lines, that is the subject of ownership or development.

Wrongful Eviction

The illegal expulsion of a tenant from rented property by a landlord without adequate legal justification or without following the proper legal procedure.

Abandoning Premises

The act of leaving a property or location without intent to return, typically without fulfilling legal or contractual obligations.

Non-Navigable Stream

A waterway that is not suitable for commercial boat transportation due to its size, depth, or other characteristics.