What Is the Difference Between a Firm's Geographical Scope and Its

question 43

Multiple Choice

What is the difference between a firm's geographical scope and its vertical scope?

• A)The first describes the regions of the world where the firm is present and the second the stages of the industry value chain which the firm performs itself
• B)The first describes the number of countries and the second the number of horizontal businesses where the firm is present
• C)There is no difference
• D)This question does not make sense

---

Definitions:

Nominal Group Method

A structured form of brainstorming that involves individuals generating ideas independently before sharing them with the group.

Transparency

The practice of open, honest communication or operation that allows stakeholders to see and understand actions or decisions.

Problem-solving Strategies

Methods and approaches used to tackle problems and find solutions.

Divergent Thinking

An approach or technique employed to produce inventive ideas through the investigation of numerous potential answers.