It Is Typically Fairly Easy for a Firm to Exploit

question 28

True/False

It is typically fairly easy for a firm to exploit worldwide learning, multinational flexibility, and global efficiencies simultaneously.

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Definitions:

Satisficing

A decision-making strategy that entails choosing an option that meets a minimum standard of satisfaction or acceptability, rather than pursuing the best possible outcome.

Bias

Prejudice in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Anchoring And Adjustment

A cognitive bias in which an individual relies too heavily on an initial piece of information (anchor) to make subsequent judgments or decisions.

Availability

The state of being readily obtainable or accessible when needed or desired.