In the Context of the Strategies for Reaching Global Markets

question 54

Multiple Choice

In the context of the strategies for reaching global markets, which of the following is a disadvantage of foreign outsourcing?

• A) The returns on investment are diminished.
• B) The adherence to ethical standards by foreign producers is at risk.
• C) The cost of production becomes irrecoverable.
• D) The foreign company needs to pay high wages to the workers.

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Definitions:

Consistent Personality

A stable set of characteristics and behaviors that are predictable and reliable over time.

Virtual Organization

An organization that uses technology to allow individuals to collaborate and work together across distance and time zones.

Internal Talent Pool

A database or inventory of current employees who have the potential to fill future vacancies within an organization, facilitating internal recruitment.

External Partners

Organizations or individuals outside of one's own organization with whom one collaborates or engages in business activities.