The Transnational Strategy Is Becoming Increasingly Necessary to Compete in International

question 2

Multiple Choice

The transnational strategy is becoming increasingly necessary to compete in international markets for all the following reasons EXCEPT:

• A) the growing number of competitors heightens the requirements to keep costs down.
• B) the desire for specialized products to meet consumers' needs.
• C) differences in culture and institutional environments also require firms to adapt their products and approaches to local environments.
• D) it is easy to use.

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Definitions:

Legally Restrict

To impose legal limits on actions or rights, typically through laws or regulations.

Tenants in Common

A form of joint property ownership in which each owner has an undivided interest in the property, but without the right of survivorship inherent in joint tenancy.

Assigns

refers to individuals or entities to whom rights or properties are transferred or delegated through legal agreements or wills.

Implied Warranty

An unwritten guarantee that the product sold will meet a minimum level of quality.