The Purchase of Established Firms Abroad with the Goal of Using

question 60

Multiple Choice

The purchase of established firms abroad with the goal of using the existing production,marketing,and distribution networks and of having instant access to foreign markets that fit the purchasing firm's global strategy is known as a(n) _____.

• A) subsidiary
• B) multinational enterprise
• C) foreign acquisition
• D) strategic alliance
• E) divestiture

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Definitions:

Longitudinal Study

A research design that involves repeated observations of the same variables (e.g., people) over short or long periods of time.

Development Stages

Distinct phases of growth and development that humans go through from birth to adulthood, often described in psychological theories.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, arranging human needs in a hierarchy, suggesting people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.