Moving Skills, Resources and Knowledge to Regions Where They Are

question 34

Multiple Choice

Moving skills, resources and knowledge to regions where they are needed is a characteristic of:

• A)the global strategic orientation
• B)the multinational strategic orientation
• C)the international strategic orientation
• D)the transnational strategic orientation
• E)the market dominance competitive advantage

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Definitions:

Profit Maximizing

The process of finding the level of output where a firm achieves the maximum possible profit.

Kinked Demand Curve Model

Oligopoly model in which each firm faces a demand curve kinked at the currently prevailing price: at higher prices demand is very elastic, whereas at lower prices it is inelastic.

Rivals' Price

The cost set by competing businesses for similar products or services in the market.

Marginal Cost

The additional cost associated with producing one more unit of output.