What Does the Scope of the Firm Refer To

question 35

Multiple Choice

What does the scope of the firm refer to?

• A) The range of activities the firm performs externally and its social responsibility activities
• B) To gain competitive advantage based on where it locates its various value chain activities
• C) The firm's capability to employ vertical integration strategies
• D) The range of activities the firm performs internally and the breadth of its product offerings,the extent of its geographic market,and its mix of businesses
• E) To prevent foreign competition from affecting the market

---

Definitions:

Core Cultural Values

Fundamental beliefs or principles that are widely accepted within a society, shaping behaviors and norms.

Social Values

Cultural or societal norms and principles that guide individual and collective behavior and decision-making.

Universalistic

Pertains to principles or practices that are intended to be universally applicable or effective, regardless of cultural or contextual differences.

Conformist

An individual who follows established norms and practices, often prioritizing harmony and adherence to social or organizational standards.