Which of the Following Statements Is TRUE

question 29

Multiple Choice

Which of the following statements is TRUE?

• A) McDonaldization allows individual countries to be affected by globalization, but not to give up their cultural identities.
• B) Hybridization allows a single world culture to be created - one that replaces the cultures of local countries.
• C) Hybridization allows individual countries to be affected by globalization, but not to give up their cultural identities.
• D) McDonaldization is better than hybridization because it does not establish a single world culture based on standardization.

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Definitions:

Question Mark

A term used in the Boston Consulting Group (BCG) matrix to describe a product or business with low market share in a high-growth market, requiring investment to increase market share or divest.

Market Share

The portion of a market controlled by a particular company or product.

Barriers To Entry

Obstacles or hurdles that make it difficult for new competitors to enter a market, protecting existing companies from new challengers.

Stability Strategy

A business approach focusing on maintaining current operations and market share without significant growth or expansion, prioritizing steady income and consistent performance.