If ABC International Has Standardized Its Product Line Throughout the World

question 38

Multiple Choice

If ABC International has standardized its product line throughout the world it is pursuing a:

• A) multidomestic strategy.
• B) retrenchment strategy.
• C) diversity strategy.
• D) globalization strategy.
• E) liquidation strategy.

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Definitions:

Selective Attention

The cognitive process of focusing on certain information while ignoring other stimuli.

Abstract Thought

The ability to think about objects, principles, and ideas that are not physically present.

Logical Thought

A form of reasoning and understanding that is based on strict principles of validity.

Reasoning Skills

The cognitive abilities that enable a person to think logically, evaluate arguments, and solve problems systematically.