Firms Competing in Industries with More Intensive R&D Requirements Pursue

question 8

Multiple Choice

Firms competing in industries with more intensive R&D requirements pursue an international strategy in part because:

• A) it is crucial to have a large market to earn the necessary return on their large investment.
• B) it allows firms to pull R&D expertise from all over the world.
• C) it allows the firm to pursue patents on a worldwide basis to protect its intellectual property.
• D) technological knowledge knows no national boundaries.

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Definitions:

Communication Model

A framework that describes the various components and processes involved in the effective transmission and reception of messages.

Encode Message

The process of converting information or ideas into a coded form of communication for transmission to a receiver.

Grapevine Communication

Grapevine communication refers to the informal and often unofficial spread of information within an organization.

Sender and Receiver

Describes two roles in the communication process where the sender is the one who initiates the message and the receiver is the one who interprets or responds to the message.