What Benefits Does the Global Environment Offer Organizations

question 47

Multiple Choice

What benefits does the global environment offer organizations?

• A) The global environment provides organizations with several opportunities to increase efficacy and efficiency.
• B) The global environment is easy to operate within and is constant, straightforward, and predictable.
• C) Fluctuating sociocultural factors never affect the performance of organizations that function at a global level.
• D) Organizations are faced with fewer challenges and risks when they grow to prominence internationally.
• E) Organizations that operate internationally seldom compete for scarce and valuable resources.

Understand the debate and development of sociological methodologies, including the inductive and deductive approaches.

Understand Simmel's concept of the hostile worlds to life.

Recognize the growth of objective culture with modernization according to Simmel.

Identify Simmel's ideas on types of relationships and knowledge revelation.

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Definitions:

Large Market

A significant and extensive segment of the economy with a large number of consumers or businesses that demand goods and services.

Different Segments

Refers to the various distinct groups within a market, each with its own specific needs, preferences, and characteristics.

Cost Focus Strategy

A generic business strategy that involves controlling expenses and, in turn, lowering product prices targeted at a narrow range of market segments.

Cost Leadership Strategy

A business approach aiming to become the lowest cost producer in an industry to offer products or services at competitive prices.