International Businesses Increasingly Are Using Management Development as a Strategic

question 114

Multiple Choice

International businesses increasingly are using management development as a strategic tool;this is particularly true in firms pursuing a(n) _____ strategy as such firms need a strong unifying corporate culture and informal management networks to assist in coordination and control.

• A)localization
• B)international
• C)transnational
• D)global standardization

---

Definitions:

The Barber Shop

This term commonly refers to a place where men can get their hair cut and sometimes other grooming services, serving as a social hub in many communities.

Fixed Input

A resource used in production that cannot be changed in the short term, such as buildings and machinery.

Short Run

A time period in economics during which at least one input, such as plant size or capital, is fixed and cannot be changed.

Total Fixed Cost (TFC)

The sum of all costs required to produce any level of output that does not change as the level of production increases or decreases.