Which of the Following Is True of Firms That Compete

question 29

Multiple Choice

Which of the following is true of firms that compete in the global marketplace?

• A) They must employ a transnational policy in order to have a competitive edge.
• B) Because differentiation across countries can involve significant duplication and a lack of product standardization, it may raise costs.
• C) They must employ a domestic policy in order to have a competitive edge.
• D) Because differentiation across countries can involve significant duplication and a lack of product standardization, it may reduce costs.

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Definitions:

Swaying Footbridge

A scenario referring to an unstable or moving footbridge, often used in studies to measure stress response or fear-induced attractions.

Social Exchange Theory

A theory suggesting that human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives.

Altruistic Behavior

Action taken to benefit others without expecting personal gains, driven by selfless concern for the well-being of others.

Reciprocity Norms

Social norms that dictate that we should treat others as they treat us, leading to mutual benefit or support.