For Firms Selling a Product That Serves Universal Needs but Not

question 92

Multiple Choice

For firms selling a product that serves universal needs but not facing significant competition, ________ strategy makes sense.

• A) a localization
• B) an international
• C) a transnational
• D) a global standardization

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Definitions:

Laissez-faire Leadership

A leadership style characterized by minimal managerial intervention. Leaders provide tools and resources, but employees have the freedom to solve problems and make decisions on their own.

Quality LMX Relationships

Refers to high-quality leader-member exchange relationships characterized by mutual respect, trust, and obligation between leaders and their subordinates.

Same Workgroup

Pertaining to employees or members who operate within the same team or department, sharing common tasks and objectives.

Transactional Leadership Behaviour

A style of management where leaders promote compliance by followers through both rewards and punishments.