According to Adler, the Primary Orientation of a Global Firm

question 52

Multiple Choice

According to Adler, the primary orientation of a global firm is:

• A)Strategy
• B)Price
• C)Market
• D)Product or service

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Definitions:

Consumer Goods

Products bought by the final consumer for personal use.

Law of Increasing Opportunity Costs

An economic principle that states as production of a good or service increases, the opportunity cost of producing another unit also increases.

Particular Good

A specific item or product that satisfies consumers' needs or wants, distinguishable from general categories or types of goods.

Market Price

The current price at which an asset or service can be bought or sold in a market.