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Why Do Managers Need to Understand the Cost Structure

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Why do managers need to understand the cost structure?


Definitions:

Multidomestic Strategy

A strategy that concentrates on the development of foreign markets by selling to foreign nationals.

Multinational Strategy

Standardizing the products and services around the world to gain efficiency.

Cross-Cultural Competencies

Skills and abilities that enable individuals to effectively operate and communicate in different cultural contexts.

Stress Management Competencies

Skills and abilities that enable individuals to handle stress effectively in personal and professional contexts.

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