Firms Able to Standarize the Processes Used to Produce,sell,distribute,and Service

question 134

Multiple Choice

Firms able to standarize the processes used to produce,sell,distribute,and service their products across country borders enhance their ability to

• A)learn how to continuously reduce costs while increase the value of their products.
• B)increase investment in research and development.
• C)access to a low-cost labor force in the host market.
• D)mitigate cultural differences.

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Definitions:

Equity Interest

Ownership interest in a company, represented by the equity or shares held by investors.

Mutual Agreement

A consensus reached by two or more parties where the terms of an engagement or deal are accepted by all involved.

Limited Life

Refers to the finite existence of certain assets, indicating they will only last for a specific period before ceasing to be useful.

Prime-Time Television

The time period in the evening when television viewership is at its highest and networks air their most popular programs.