When the Need for National Responsiveness Is High and the Need

question 33

Multiple Choice

When the need for national responsiveness is high and the need for global integration is low, a(n) _____ strategy is appropriate.

• A)Transnational
• B)Multi-domestic
• C)International
• D)Globalization

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Definitions:

Inventory Cycles

Fluctuations in inventory levels within industries or businesses, affected by changes in demand, supply chain dynamics, and production planning.

Manufacturing Role

The sector of an economy dedicated to the production of goods through the processing of raw materials.

Market Basket

A market basket is a collection of goods and services used to track price changes and inflation within an economy.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.