When the Pressure for Local Responsiveness Is Strong and the Pressure

question 5

Multiple Choice

When the pressure for local responsiveness is strong and the pressure for coordination is weak for multi-national corporations in an industry,the industry will tend to become

• A) global.
• B) consolidated.
• C) multi-domestic.
• D) risky.
• E) indigenous.

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Definitions:

Cost Management

The process of planning and controlling the budget of a business or project, focusing on reducing costs and maximizing value.

Cost Savings

The reduction in expenses achieved through efficient management, negotiation, process improvements, or other means, contributing to increased profitability.

Cost Reductions

Efforts made to lower operating expenses and production costs without compromising quality or performance.

Cost Avoidance

Involves actions taken to prevent or reduce potential increases in costs, helping to control future expenses without necessarily resulting in immediate savings.