Which of the Following Statements Is Correct

question 40

Multiple Choice

Which of the following statements is correct?

• A) Internationalisation requires managers to learn new ways of doing business.
• B) There is no requirement for companies to accumulate knowledge of doing business overseas.
• C) Internationalisation means that the same business practices are used worldwide.
• D) Large successful companies do not need to consider the different factors influencing national markets.

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Definitions:

Industrial Relations Perspective

A viewpoint that studies the relationships between management and employees, focusing on collective bargaining, labor laws, and unions.

Mainstream Model

A widely accepted or conventional theory, method, or practice within a particular field or industry.

Institutional Labor Economics

A field of economics that studies labor markets and employment relationships, focusing on the roles of institutions like unions, regulations, and policies.

Perfectly Efficient

Describes a hypothetical state where resources are allocated in the most effective way possible, with no waste.