A Global Industry Is Defined as

question 57

Multiple Choice

A global industry is defined as

• A) a firm that operates in more than one country and has a sales and marketing staff in those countries.
• B) an industry that has strategic positions in many countries but is not affected by competition.
• C) an industry that operates in more than one country and has a strategic position in many countries.
• D) an industry that operates in more than one country and captures R&D, marketing, and other financial advantages in its costs and reputation.
• E) an industry in which the strategic positions of competitors are affected by their overall global positions.

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Definitions:

Dependability of Delivery

The reliability with which a company or supply chain delivers products or services to its customers in the promised time frame.

Competing Companies

Businesses that operate in the same market or industry and vie for the same customer base, market share, or resources.

Just-in-time Inventory Systems

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, reducing inventory costs.

Responsibility

involves the duty or obligation to perform or complete a task, with an inherent accountability for the successful completion and outcomes.