When Industry Strategies Call for Much Integration of Worldwide Activities

question 40

Multiple Choice

When industry strategies call for much integration of worldwide activities and few or no needs to be locally responsive, firms would select a(n) :

• A) Multinational strategy
• B) Globally integrated strategy
• C) Global-local strategy
• D) International strategy

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Definitions:

Cost Of Goods Sold

The total cost directly associated with producing the goods sold by a company, including materials and labor.

Manufactured

Refers to the state of having been made from raw materials through a process of production in a factory.

Finished Goods Inventory

The stock of completed products ready for sale, held at the end of an accounting period.

Net Income

The total earnings of a company after subtracting all expenses from revenues, including taxes and interest.