The Two Important Environmental Trends That Influence a Firm's Choice

question 104

Multiple Choice

The two important environmental trends that influence a firm's choice and use of international corporate-level strategies are __________ and __________.

• A) culture; geographic scope
• B) cost; quality
• C) regionalization; globalization
• D) liability of foreignness; regionalization

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Definitions:

Major Industries

The key sectors that are the backbone of an economy, usually characterized by large revenue and substantial impact on employment.

Deregulation

Refers to the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Carter And Reagan Administrations

The presidential terms of Jimmy Carter (1977-1981) and Ronald Reagan (1981-1989), notable for distinct economic and foreign policies.

Banking

The business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.