The Degree to Which a Firm Is Able to "Think

question 83

Multiple Choice

The degree to which a firm is able to "think globally, act locally" impacts the success of the firm's _________________ strategy as it goes international.

• A) localization
• B) customization
• C) globalization
• D) nationalization
• E) culturalization

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Definitions:

Salaries

Fixed regular payments made by employers to employees, typically expressed on an annual basis but paid in smaller increments such as monthly.

Departmental Personnel

Staff or workers who belong to a specific department within an organization, each contributing to its functional objectives.

Furniture Department

A division within a store or company that specializes in selling furniture products.

Profit Margin

A financial metric that indicates the percentage of revenue that remains as profit after accounting for costs and expenses.