The Worldwide Product Division Structure

question 30

Multiple Choice

The worldwide product division structure

• A) is weak in local responsiveness.
• B) inhibits the realization of location economies.
• C) inhibits the realization of experience curve economies.
• D) limits the transfer of core competencies between areas.

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Definitions:

Strict Liability

A legal standard that holds a party responsible for their actions or products, regardless of fault or intent.

Implied Warranty

A legal term for the assurance that a product is suitable for its intended purpose even if it's not explicitly stated.

Merchant Status

A classification under the Uniform Commercial Code for individuals or entities acting in a commercial capacity, demonstrating knowledge or expertise specific to the goods involved in the transaction.

Product Design

The process of imagining, creating, and iterating products that solve users' problems or address specific needs in a given market.