American Express Competes Around the World by Offering a Customized

question 47

Multiple Choice

American Express competes around the world by offering a customized product while simultaneously selling at the lowest possible price.The company is using a ________ strategy.

• A) transnational
• B) global
• C) multidomestic
• D) domestic
• E) national

---

Definitions:

Depreciation Expense

Depreciation Expense denotes the allocation of an asset's cost over its useful life, reflecting the asset's consumption or decline in value.

Straight-line

A method of depreciation that allocates an equal expense amount to each period over the useful life of an asset.

Straight-line Depreciation

A method of allocating the cost of a tangible asset over its useful life, evenly distributing the depreciation expense each year.

Double Declining-balance

A method of accelerated depreciation where an asset’s value is reduced at double the rate of traditional straight-line depreciation.