If ABC International Has Standardized Its Product Design and Advertising

question 38

Multiple Choice

If ABC International has standardized its product design and advertising throughout the world, it is pursuing a(n) __________ strategy.

• A) multidomestic
• B) retrenchment
• C) glocalization
• D) globalization
• E) export

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Definitions:

Journal Entry

A record of a business transaction in an accounting journal that details the financial implications of the transaction.

Note Payable

A written promise to pay a certain amount of money, usually with interest, at a future date or on demand.

Due Date

The specified date by which a task needs to be completed or a payment needs to be made.

Current Liability

A financial obligation that a company is required to pay within one year.