In Terms of the Global Marketplace, There Are Three Primary

question 246

Multiple Choice

In terms of the global marketplace, there are three primary types of companies: international firms, multinational firms, and __________ firms.

• A)multiethnic
• B)transnational
• C)multidomestic
• D)ethnocentric
• E)meganational

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Definitions:

Diversity

The presence of differences within a given setting, including but not limited to race, gender, age, ethnicity, and sexual orientation.

Sense of Community

describes the feeling of belonging and connectedness that individuals experience when they are part of a community, shared by common interests, values, or goals.

Cultural Backgrounds

The cultural experiences, practices, and influences that shape an individual's identity, perspective, and behavior.

Effective Communication

The ability to convey information and ideas in a clear, concise, and impactful manner, facilitating understanding and action.