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:

Rawlsian Justice

A theory of justice that emphasizes fairness and equality, proposing that social and economic inequalities should be arranged to benefit the least advantaged members of society.

Social Contract

A philosophical theory or model that originates from the Age of Enlightenment, positing that individuals have consented, either explicitly or tacitly, to surrender some of their freedoms and submit to an authority in exchange for protection of their remaining rights.

Rawlsian Justice

A theory of justice that emphasizes fairness and equality, proposing principles to structure society for the benefit of all, especially the least advantaged.

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.