In A(n)________ Strategy,managerial Control Is Highly Centralized and Major Decisions

question 41

Multiple Choice

In a(n) ________ strategy,managerial control is highly centralized and major decisions for the company's international operations are made at the company's headquarters in the home country.

• A) multidomestic
• B) franchising
• C) global
• D) distributed
• E) transnational

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Definitions:

Fiscal Policy

Government policy related to taxation and spending to influence the economy.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, visible in GDP, real income, employment, industrial production, and wholesale-retail sales.

Budget Deficit

The situation in which a government's expenditures exceed its revenues, leading to borrowing or currency issuance.

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.