A(n)________ Policy Is Likely to Be Used Where a Company

question 65

Multiple Choice

A(n) ________ policy is likely to be used where a company notes the inadequacy of local managerial skills and determines a high need to maintain close communication and coordination with headquarters.

• A)global
• B)regiocentric
• C)polycentric
• D)ethnocentric

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Definitions:

Utility Maximizing

The principle that individuals or firms seek to achieve the highest level of satisfaction or benefit from their choices with the resources available.

Utility Maximizes

Refers to the economic principle that individuals or firms seek to obtain the greatest satisfaction from their actions, with the objective of maximizing benefits while minimizing costs.

Indifference Curve

A graphical representation showing different combinations of goods among which a consumer is indifferent.

Equal Number

A condition or state where two or more quantities or values are the same in magnitude.