All Global New Ventures Share Two Common Factors

question 72

Multiple Choice

All global new ventures share two common factors. One is the bringing of a good or service to several different foreign markets at the same time. The other is __________.

• A) the development of culturally-specific implementation policies
• B) the use of local adaptation strategy
• C) a mechanistic organizational culture
• D) the ability to respond quickly and efficiently to any changes in the external environment
• E) none of these

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Definitions:

Creditor Evaluation

The process of assessing the creditworthiness of a business or individual, analyzing their ability to repay debts.

Operating Activities

Operating activities involve the primary revenue-generating activities of a business, such as sales and delivery of goods/services, and are reflected in the cash flow statement.

Credit Sales

Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a future date.

Collections

The process of pursuing payments of debts owed by individuals or businesses, often managed by accounts receivable departments or collection agencies.