In Order to Compete in a Global Market an Organisation

question 5

Multiple Choice

In order to compete in a global market an organisation needs to have experts with specific knowledge of the local market.This implies that HR managers will need to:

• A) recruit and select appropriate employees
• B) know the competitors' strategies
• C) know the volume of imports and exports in the industry
• D) know the degree of loyalty customers already have to their competitors

---

Definitions:

Appendix B

Often refers to a specific section within a document or standard that provides additional details or clarifications.

Foreign Subsidiary

A company that is partially or wholly owned but controlled by a parent company situated in another country.

Australian Parent Company

A company based in Australia that holds controlling interest in one or more subsidiary companies.

Consolidating Financial Statements

The process of combining the financial statements of a parent company with those of its subsidiaries to present as one set of financial statements.