The Management of Irving Inc

question 43

Multiple Choice

The management of Irving Inc.,an apparel company based in Letonia,decides to expand the company's operations to several other countries.Given this information,which of the following strategies can be adopted by the management to succeed in the foreign environment?

• A)​It can sell the same clothes it sells in its home country in the other countries too.
• B)It can modify its Web site according to the foreign countries' culture.
• C)It can limit personal selling to buyers in the foreign country.
• D)​It can solely rely on free translation software to translate slogans and instructions.

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Definitions:

Asset Classes

Categories of assets with similar characteristics and behavior in the marketplace, such as stocks, bonds, real estate, and cash.

Securities

Assets indicating an equity share in a publicly-listed firm (stock), a lending arrangement with a corporation or government (bond), or ownership rights via options.

Agency Problem

A conflict of interest between the principals, such as shareholders, and the agents managing the company, like executives or managers.

Empire Building

A strategy where a company's executives expand their organization's size and operations, often to increase power and control, regardless of shareholder benefit.