Formal Operations Are Sometimes Called "Second-Order" Operations Because

question 52

Multiple Choice

Formal operations are sometimes called "second-order" operations because:

• A) they are operations applied to the outside world of objects, people, and events.
• B) they are operations applied to operations.
• C) they are operations applied to abstract qualities.
• D) they are mastered in secondary school.

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Definitions:

Meganational Strategy

A strategy whereby global firms focus on increasing profitable growth by reaping cost reductions from economies of scale and other advantages of global integration.

Transnational Strategy

A strategy whereby global firms take a hybrid approach that combines the meganational and multidomestic strategies, simultaneously offering the benefits of both global and local advantages.

Location Specificity

The importance and impact of a geographical location on a business's operations, strategy, and success.

Company Specificity

The unique characteristics and strategies that distinguish a particular company from its competitors.