___ Is the Values, Norms, and Patterns of Thought That

question 21

Multiple Choice

___ is the values, norms, and patterns of thought that are shared by all or most members of a social group.

• A) Diversity
• B) Culture
• C) Ethnics
• D) Ethnocentrism

---

Definitions:

Multidomestic Strategy

A strategy used by businesses that involves tailoring products or services to fit the specific needs and preferences of different national markets.

Local Needs

The specific requirements or demands of a community or area, often considered in planning and decision-making processes to ensure relevance and efficacy.

Cost Leadership Strategy

A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive edge.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, due to its unique capabilities, resources, or position.