Which of the Following Is the Role of Local Managers

question 19

Multiple Choice

Which of the following is the role of local managers to experienced multinational companies?

• A) To contribute needed understanding of local market conditions, local buying habits, local ways of doing business.
• B) To run the local operations for the company.
• C) To understand how "the system" works to detour the hazards of collaborative alliances with local companies.
• D) To serve as conduits for the flow of information between the corporate office and local operations.
• E) All of these.

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Definitions:

Marginal Benefit

The extra pleasure or benefit gained from consuming an additional unit of a product or service.

Marginal Cost

The added financial burden of producing another unit of a product or service.

Efficient Price

The price at which the supply of a good matches its demand, leading to an optimal distribution of resources in a market.

Consumer Surplus

Consumer surplus represents the discrepancy between what consumers are prepared and capable of spending for a product or service and the actual amount they end up paying.