Which of the Following Is a Course of Action Suggested

question 72

Multiple Choice

Which of the following is a course of action suggested by Christopher Bartlett and Sumantra Ghoshal for companies based in developing nations?

• A)Build up financial resources to match those of the largest global competitors.
• B)Enter foreign markets at a similar time and scale as multinational companies.
• C)Enter markets rapidly and exit at an equally rapid pace to avoid heavy losses.
• D)Benchmark one's operations and performance against foreign multinationals.
• E)Do not focus on market niches that multinational companies ignore.

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Definitions:

Adjusting Accounts

The process of updating ledger accounts through adjusting entries to reflect accurate financial activity and positions.

Temporary Accounts

Accounts used to track revenues, expenses, and withdrawals or dividends during an accounting period, which are closed and reset at the end of the period.

Debits And Credits

Fundamental accounting principles that are used to record every financial transaction, where debits must equal credits in every transaction.

Account Type

A classification system used within accounting to differentiate between the various financial transactions, assets, liabilities, and owners' equity carried out or held by a business.