Which of the Following Statements Is True Regarding the Globalization

question 21

Multiple Choice

Which of the following statements is true regarding the globalization of markets?

• A) As a result of the globalization of markets, tastes and preferences of consumers in different nations are beginning to differ more.
• B) By offering the same basic product worldwide, firms fail to create a global market.
• C) There still exist significant differences among national markets along many relevant dimensions, including distribution channels, culturally embedded value systems, and legal regulations.
• D) The most global of markets are not typically markets for industrial goods and materials, but markets for consumer products.
• E) A company has to be the size of a multinational giant, such as Citigroup or Coca-Cola, to facilitate, and benefit from, the globalization of markets.

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Definitions:

Incentive Program

A structured plan designed to motivate and reward employees for meeting specific performance targets or objectives.

Equity

The principle of fairness and impartiality within the workplace, often relating to compensation, opportunity, and treatment of employees.

Relative Deprivation

Relative deprivation refers to the experience of feeling deprived of something to which one believes they are entitled, often in comparison to others.

Psychological Contract

An unwritten agreement that reflects the mutual beliefs, perceptions, and informal obligations between an employer and employee.