Which of the Following Is a Strategy That International Companies

question 32

Multiple Choice

Which of the following is a strategy that international companies use to encourage sales personnel to accept foreign assignments?

• A) International experience is considered important to join top management.
• B) It is made mandatory for all sales personnel to take up expatriate positions.
• C) A part of the headquarters of the company is set up at the foreign location.
• D) A support team along with the expatriate manager is shifted to the foreign location.
• E) Legal obligations are imposed on the expatriate sales representatives.

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Definitions:

Elastic Demand

A situation in which the demand for a product is sensitive to price changes, meaning the quantity demanded significantly increases or decreases as the price decreases or increases.

Copper Electrical Wire

A type of wire made from copper used for conducting electricity, known for its high conductivity and flexibility.

International Copper Cartel

An agreement among some of the world's major copper-exporting countries to limit supply in order to maintain or increase copper prices.

Kinked-Demand Model

A model in oligopoly markets, suggesting that firms might face a demand curve that has a sharp bend or "kink" at the current price, leading to sticky prices.