When a Company Successfully Responds to Foreign Production and Market

question 28

Multiple Choice

When a company successfully responds to foreign production and market opportunities, ________.

• A)other companies will likely emulate its successful practices
• B)it likely has a long-term advantage over competitors
• C)it will downsize its domestic operations
• D)its home government likely raises taxes on the company

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Definitions:

Theory Z

Describes a management framework emphasising long‐term employment and teamwork.

Japanese Management Models

Management practices and principles that originate from Japan, focusing on continuous improvement, long-term employment, consensus decision-making, and strong company loyalty.

North American Management

A management approach typically observed in organizations located in North America, characterized by its emphasis on decentralization, flexibility, and individual initiative.

Autonomy and Entrepreneurship

This refers to the capacity of individuals or teams to make independent decisions and pursue innovative ventures within the constraints of an organization.