The Transnational Strategy Is Becoming Increasingly Necessary to Compete in International

question 2

Multiple Choice

The transnational strategy is becoming increasingly necessary to compete in international markets for all the following reasons EXCEPT:

• A) the growing number of competitors heightens the requirements to keep costs down.
• B) the desire for specialized products to meet consumers' needs.
• C) differences in culture and institutional environments also require firms to adapt their products and approaches to local environments.
• D) it is easy to use.

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Definitions:

Dispositional Optimism

A psychological attribute that reflects the extent to which individuals hold generalized favorable expectancies for their future.

Unemployment Compensation

Financial payments made to individuals who have lost their jobs through no fault of their own, provided by the state or federal government.

Human Resources

Involves the strategic approach to managing and developing an organization's workforce to optimize productivity, culture, and employee satisfaction.

External Agency

An outside organization or company that provides services or support to another organization in a specific area, such as marketing, recruitment, or consulting.