International Strategy

question 75

Multiple Choice

International strategy:

• A) needs to be consistent among the various functions, products, and regional units of the company.
• B) needs to be consistent with the demands of the international competitive environment.
• C) is concerned with the way firms make fundamental choices about developing and deploying scarce resources internationally.
• D) has a goal of achieving and maintaining competitive advantage.
• E) all of the above.

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Definitions:

Marginal External Cost

The additional cost imposed on society that is not accounted for by the producer as output increases.

Marginal Social Cost

The cost to society of producing one additional unit of a good or service, including both the private costs and any external costs.

Oil Refinement

The process of transforming crude oil into useful products like gasoline, diesel, and jet fuel through various physical and chemical treatments.

Pollution Fee

A financial charge applied to entities that emit pollutants, intended to discourage environmental pollution by making it economically costly.