Firms Operating Globally Often Need to Give Some Latitude to Their

question 13

Multiple Choice

Firms operating globally often need to give some latitude to their local managers to tailor their strategies and practices to meet the needs of their locations.This highlights the ________ aspect of global sourcing.

• A)integration
• B)differentiation
• C)standardization
• D)specialization

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Definitions:

Overall Operations

An overarching term that encompasses the entire scope of activities and processes undertaken by a business to create and deliver products or services.

Inventory Shrinkage

The loss of products between purchase from a supplier and sale to a customer, often due to theft, damage, or errors in inventory accounting.

Recorded Quantities

The documented amounts of inventory or assets that have been formally noted in accounting records.

Non-Operating Activities

Business activities that are not related to the company's primary operations, such as investment income or losses from the sale of assets.