Companies That Fail to Formulate Adequate Responses to the Challenges

question 73

Multiple Choice

Companies that fail to formulate adequate responses to the challenges and opportunities of globalization will face all of the following consequences except:

• A)getting absorbed by visionary enterprises.
• B)getting absorbed by dynamic enterprises.
• C)becoming locally profitable enterprises.
• D)undergoing wrenching transformations.
• E)simply disappearing from the business horizon.

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Definitions:

Corporate Chain

A series of connected businesses that operate under a parent company or brand.

Form Of Ownership

The legal and structural configuration of an organization, determining aspects like liability, taxation, and decision-making processes (e.g., sole proprietorship, partnership, corporation).

Independent Retailers

Independent retailers are businesses that are privately owned and operated, distinct from larger chain or franchise stores, often characterized by a high level of personal service and uniqueness.

Contractual Systems

Legal agreements that establish the terms and responsibilities between parties, often used in franchising, licensing, and distribution arrangements.