The Global MNC Faces the Dual Challenge of Achieving Scale

question 42

Multiple Choice

The global MNC faces the dual challenge of achieving scale economies through standardization while at the same time responding to

• A) increased competition.
• B) local customer differences.
• C) higher prices.
• D) global economics.
• E) increased shipping expenses.

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Definitions:

Human Resource Management

The strategic approach to the effective management of people in an organization, which helps them gain a competitive advantage. It includes recruiting, hiring, training, and managing employee relations.

Society for Human Resource Management

A professional organization that exists to promote the role of HR as a profession and provide education, certification, and networking to its members.

Human Resource Certification Institute

An organization offering professional certifications for HR practitioners, enhancing their knowledge, skills, and competencies in human resource management.

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Official documents or designations that verify one’s qualifications or competence in a specific area.