When Firms Expand into Global Markets,they Are Faced with the Choice

question 60

Multiple Choice

When firms expand into global markets,they are faced with the choice of reducing costs and/or adapting to the local market.When high pressures exist to adapt locally,companies should choose a(n) ________ strategy or ________ strategy in order to compete in the global marketplace.

• A) global; transnational
• B) global; multidomestic
• C) international; global
• D) transnational; multidomestic

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Definitions:

Otalaryngologist

A medical doctor specialized in the diagnosis and treatment of disorders of the ear, nose, and throat (ENT), as well as structures related to the head and neck.

Audiologist

A healthcare professional specialized in identifying, diagnosing, treating, and monitoring disorders of the auditory and vestibular system portions of the ear.

Homeostasis

The process by which living organisms regulate their internal environment to maintain a stable, optimal condition despite changes in the external environment.

Equilibrium

A state of physical balance or a stable condition in which forces are balanced, often used in biological, chemical, and physical contexts.