__________Involves Overseas Expansion of the Downstream Supply Chain in Search

question 3

Multiple Choice

__________involves overseas expansion of the downstream supply chain in search of new customers to buy the company's products

• A) Factor market internationalization (FMI)
• B) Product market internationalization (PMI)
• C) Capital market internationalization (CMI)
• D) Natural market internationalization (NMI)

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Definitions:

Blending

The process of mixing or combining various elements together to create a cohesive whole.

Total Quality Control

Total Quality Control is a management approach focused on embedding quality in every step of the production process through continuous improvement and employee involvement.

Kaoru Ishikawa

A prominent Japanese organizational theorist and engineer, best known for his work in quality management and the invention of the Ishikawa or fishbone diagram.

Employee Involvement

The degree to which employees are encouraged to share their ideas and contribute to decision-making processes in an organization.