A Firm May Narrow Its Focus to a Specific Region

question 65

Multiple Choice

A firm may narrow its focus to a specific region of the world in order to:

• A) decrease the pressures on managers to coordinate efforts on a worldwide basis.
• B) obtain greater economies of scale.
• C) better understand cultures,legal and social norms,and other factors that are important to effective competition in local markets.
• D) avoid depleting financial resources in markets where the firm may not be successful.

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Definitions:

Interaction

In the context of statistics and experimental design, interaction refers to a situation where the effect of one independent variable on the dependent variable varies according to the level of another independent variable.

Factorial ANOVA

A statistical test used to examine the effects of two or more independent variables on a dependent variable simultaneously.

Pet Food

Specially formulated food items designed to meet the nutritional needs of domestic pets.

Factorial ANOVA

A statistical test used to determine the effect of two or more categorical independent variables on a continuous dependent variable.