Which of the Following Statements Best Describes Global Integration

question 42

Multiple Choice

Which of the following statements best describes global integration?

• A)It is a strategy that involves tailoring products or services to local markets.
• B)It involves making products and/or processes consistent across different units within a firm.
• C)It refers to the standardization of processes within a single business in different locations around the world.
• D)It refers to a firm's adjustments to products, services, and processes in order to account for local culture and needs.

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Definitions:

Limited Partnership

A partnership structure where some partners contribute capital and enjoy profits without managing the business, hence have limited liability.

Sole General Partner

is an individual or entity that is the only general partner in a partnership, responsible for the management of the partnership and personally liable for its debts.

Limited Partnership

A form of business partnership where there is at least one general partner liable for the debts of the business and one or more limited partners whose liability is limited to their investment.

Corporation

A legal entity that is separate and distinct from its owners, established to conduct business or engage in activities, with the ability to own assets, incur liabilities, and sell shares.