There Are Three Levels of Sensitivity That MNCs Should Exhibit

question 58

Multiple Choice

There are three levels of sensitivity that MNCs should exhibit for the long-run national interests of less-developed countries.All of the following are levels of sensitivity except

• A)the need to modify or redesign products.
• B)the impacts of products on the host country.
• C)the need to modify marketing efforts to conform to local custom.
• D)the extent to which the firm's products are politically vulnerable.

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Definitions:

Insurance Policy

A contract between an insurer and the insured, outlining the terms under which the insurer agrees to compensate the insured for specific losses.

Risks

The possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility.

Duties of Insurer

The responsibilities an insurance company is bound to fulfill, including issuing policies, collecting premiums, and paying out claims.

Auto Loan

Financing specifically designed to allow individuals to purchase vehicles by borrowing money which is then paid back over time.