The Model in Which Managers Use Their Organization's Existing Core

question 77

Multiple Choice

The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the

• A)international model.
• B)multinational model.
• C)global model.
• D)transnational model.
• E)multimedia model.

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Definitions:

Gross Profit

Sales minus the cost of goods sold.

Volume Variance

A measure used in budgeting and accounting to illustrate the difference between expected sales volume and actual sales volume.

Standard Costs

Predetermined costs for manufacturing a product or delivering a service, used as targets or benchmarks.

Variances

The differences between planned, budgeted, or standard costs and actual costs.