Which of the Following Statements Is True About a Firm

question 33

Multiple Choice

Which of the following statements is true about a firm that adopts a global strategy?

• A)It tailors its products and operations to individual markets.
• B)It focuses on customer needs and preferences rather than standardization.
• C)It focuses on economies of scale and leveraging firm capabilities.
• D)It uses a different strategy in each of the countries where it competes.

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Definitions:

Cash Equivalents

Short-term, highly liquid investments that can be easily converted into a known amount of cash.

Highly Liquid

An asset or investment that can be quickly converted into cash without much loss in value, ensuring easy accessibility of funds.

Certificates of Deposit

Time deposit financial products provided by banks that offer a fixed interest rate in exchange for keeping a deposit untouched for a predetermined period.

Petty Cash

A small amount of cash on hand used for covering minor expenses, managed through a petty cash fund.