Examlex
An MNC uses which international strategy for entering a foreign market by simply shipping goods produced in the company's home country to other countries for marketing to minimize risk and to experiment with a specific product?
Process Strategy
A company's approach to transforming resources into goods and services.
Transformation Strategy
A comprehensive approach a company adopts to change its business processes and operations in order to achieve specific goals.
Efficiency
The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.
Flexibility
The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.
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