Firms Pursuing A(n)_________________ Strategy Orient Themselves Toward Achieving Maximum Local

question 94

Multiple Choice

Firms pursuing a(n) _________________ strategy orient themselves toward achieving maximum local responsiveness.

• A) international
• B) domestic
• C) multidomestic
• D) global
• E) multinational

---

Definitions:

Capacity

The maximum level of output that a company can sustain to make a product or provide a service, taking into account current resources and facilities.

Short Run

A time period in economics during which at least one input is fixed while others may be variable, affecting the production and costs of a business.

Long Run

In economics, the long run refers to a period in which all inputs or factors of production can be varied and no costs are fixed.

Capital Intensity Ratio

A metric that measures the amount of assets required to generate a dollar of revenue, indicating how much capital is invested in production.