A Specific Strategy That Treats the World as One Market

question 31

Multiple Choice

A specific strategy that treats the world as one market by using a standardized approach to products and markets is called ________.

• A) globalization
• B) rationalization
• C) differentiation
• D) integration

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Definitions:

Decision-Making under certainty

The process of making decisions when the outcomes or consequences of each choice are known or predictable.

Intuition

The ability to understand or know something immediately, without the need for conscious reasoning.

Creativity and innovation

The process of generating new and original ideas that can be transformed into valuable products, services, or methodologies.

Acts of terrorism

Violent acts intended to create fear, perpetrated for a religious, political, or ideological goal, often targeting civilians.