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MNEs Doing Business in Foreign Markets Generally Use Either a Global

question 1

Multiple Choice

MNEs doing business in foreign markets generally use either a global efficiency or local responsiveness strategy depending on whether customers around the world use the same purchasing criteria or not.In which of the following industries would a global efficiency strategy be the best choice?

Definitions:

Interaction

The process by which two or more entities communicate or affect each other in some way.

Cooperation

Cooperation is the process of groups or individuals working together towards a common goal, often resulting in mutual benefits or achieving shared objectives.

Compliance Conformity

Adjusting one's behavior or beliefs to match those of others, often in response to explicit or implicit social pressure.

Personal Acceptance Conformity

Refers to the process where individuals adapt their attitudes, beliefs, or behaviors to align with those of a group or society as a whole, often to gain acceptance or approval.