A(n)____ Strategy Requires Little Initial Investment,is Heavily Regulated,and Provides Little

question 176

Multiple Choice

A(n) ____ strategy requires little initial investment,is heavily regulated,and provides little opportunity to modify products for local conditions.

• A) importing/exporting
• B) licensing
• C) joint venture
• D) global sourcing
• E) direct investment

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Definitions:

Planning And Control Functions

Essential managerial activities that involve setting objectives, establishing strategies to achieve them, and monitoring the progress to ensure goals are met efficiently and effectively.

Successful Organizations

Entities that consistently achieve their objectives, satisfy their stakeholders, maintain financial stability, and exhibit growth.

Objectives

Specific, measurable goals that an organization or individual aims to achieve within a defined timeframe.

Performance Targets

Specific goals set for individuals or teams to achieve in their work, often used as a measure for performance appraisals.