We Need to Appraise Our Resources and Capabilities Against

question 50

Multiple Choice

We need to appraise our resources and capabilities against

• A)our past record; we must continually improve.
• B)the best firms around the world, no matter in what country, market or industry.
• C)our competitors' resources and capabilities.
• D)The best that our competitors might attain in the future.

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Definitions:

Investments Abroad

Financial allocations made by individuals or corporations in foreign countries, intended to achieve profits or strategic objectives.

Glocalization

A business strategy that involves adapting products and services to fit the cultural norms, tastes, and preferences of different local markets while maintaining a global outlook.

Inexpensive Goods

Products that are available at a low cost, making them accessible to a broad range of consumers without compromising on basic quality.

Communication Strategy

A planned approach for how a company communicates with its stakeholders, including customers, employees, and investors, to achieve specific objectives.