Companies Producing Entire Inventories of Products or Components in One

question 165

Multiple Choice

Companies producing entire inventories of products or components in one or very few optimal locations are likely following a ________ strategy.

• A) retrenchment
• B) global
• C) multidomestic
• D) multinational

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Definitions:

Lower-Level Managers

Managers who are at the first or second layer of the management hierarchy, typically responsible for overseeing the day-to-day operations and reporting to higher-level managers.

Summary Report

A summary report compiles and summarizes the key points and findings from detailed reports, providing an overview of the presented data.

Decentralization

The distribution of decision-making powers and authority away from a central location or authority to local or individual actors.

Authority

The legal or rightful power or right to make decisions, give orders, and enforce rules within a particular scope or role.