A Primary Drawback of a Global Strategy Is That It

question 87

Multiple Choice

A primary drawback of a global strategy is that it

• A)allows firms to address local needs as precisely as locally based rivals can.
• B)permits firms to be more responsive to changes in local market conditions, either in the form of new opportunities or competitive threats.
• C)provides for lower transportation costs and also may involve higher tariffs.
• D)involves higher coordination costs due to more complex tasks of managing a globally integrated enterprise.
• E)raises production costs due to the greater variety of designs and components.

Understand the different views and models of personality development, including normative-stage, timing-of-events, and trait models.

Comprehend the five-factor model of personality and its application in describing individual differences.

Recognize the concept of the social clock and its influence on societal expectations and individual life events.

Grasp Erikson's theory of psychosocial development and its stages relevant to adulthood.

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Definitions:

OPEC

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates policies to control the supply and influence the price of oil on the global market.

Oil Cartel

An alliance of oil-producing countries or companies that agree to control oil production levels and prices, often to exert influence on the global market.

Norway

A country in Northern Europe known for its extensive coastline, fjords, and high standards of living.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, reflecting the real profitability of the business.