________ Strategy Is Most Appropriate When There Are Substantial Differences

question 20

Multiple Choice

________ strategy is most appropriate when there are substantial differences across nations with regard to consumer tastes and preferences, and where cost pressures are not too intense.

• A) Localization
• B) Transnational
• C) Global standardization
• D) International

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Definitions:

Arbitration

Settlement of a labor–management dispute by a third party whose solution is legally binding and enforceable.

Labor Contract

The formal, written document that spells out the relationship between the union and management for a specified period of time—usually two or three years.