Which of the Following Best Describes the Purpose of Using

question 31

Multiple Choice

Which of the following best describes the purpose of using of an opportunity-risk matrix for comparing countries?

• A) narrow alternatives so decision makers can make a detailed analysis of the strongest candidates
• B) eliminate countries that have specific unacceptable conditions
• C) determine whether to use a concentration versus diversification strategy for international expansion
• D) estimate where competitors are most likely to globalize

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Definitions:

Preferences

An individual's selective liking or desire for one or more choices over others.

Quality Circles

Small groups of employees who voluntarily meet regularly to identify, analyze, and propose solutions to mutual problems, often related to work processes and quality improvement.

Participative Decision Making

A decision-making process where all members of a group are involved in identifying problems and developing solutions, enhancing team involvement and commitment.

Total Quality Management

A management approach focused on continuous improvement of all organizational processes, leading to high-quality products and services.