The Need for Greater Efficiency, Which Is Closely Linked to ________

question 74

Multiple Choice

The need for greater efficiency, which is closely linked to ________, forces MNEs to align their overall strategy with operations.

• A)higher costs
• B)quality control
• C)cost reduction
• D)flexibility

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Definitions:

Marginal Benefit

The extra utility or satisfaction gained from the utilization or creation of one more unit of a product or service.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service, reflecting changes in variable costs.

Quintiles

A statistical value that divides a data set into five equal parts, often used in economic and social research to assess income distribution or other measurements.

Household Income

The combined gross income of all members of a household, typically measured annually.