The Distinguishing Feature of _______________ Firms Is That They Extensively

question 111

Multiple Choice

The distinguishing feature of _______________ firms is that they extensively customize both their product offerings and their marketing strategy to match national conditions.

• A) multidomestic
• B) global
• C) transnational
• D) international
• E) multinational

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Definitions:

Improprieties

Actions or behaviors that are inappropriate, unethical, or considered wrong.

Elements of Fraud

Factors that must be present to prove fraud, including misrepresentation of a material fact and intent to deceive.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Justifiable Reliance

A legal principle in contract law where a party can claim damages if they reasonably relied on the promises or representations of another party.