Products That Are Designed to Be Similar to and Compete

question 181

Multiple Choice

Products that are designed to be similar to and compete with existing products of other firms are called

• A) innovations.
• B) generics.
• C) imitations.
• D) house brands.
• E) adaptations.

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Definitions:

Transnational Organizations

Entities that operate across national borders, managing operations in several countries while not identifying with a single national identity.

Think Locally

The practice of considering the immediate, local environment or community impact of one's actions and decisions.

Act Globally

The strategy or action of considering and addressing issues or conducting operations with a global perspective and implications in mind.

Internationalization

The process of designing products, services, or business practices to appeal to and operate in multiple countries.