Firms Use Four Basic Strategies to Compete in the International

question 72

Multiple Choice

Firms use four basic strategies to compete in the international environment.These are:

• A)global standardization strategy,a localization strategy,a transnational strategy,and an international strategy.
• B)a cross-cultural strategy,a trade-block strategy,a regional strategy,and a world strategy.
• C)a domestic-based strategy,an economy of scale strategy,a nonelastic market strategy,and a skimming price strategy.
• D)a location economy strategy,a single-location production strategy,a global strategy,and an inelastic demand strategy.

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Definitions:

Unionized

Refers to workplaces where the employees are organized into a union to advocate for their rights and interests.

Single Parent

An individual who is the sole caregiver and provider for one or more children without the involvement or support of the other biological parent.

Alienation

A condition in which individuals feel disconnected, isolated, or estranged from others or societal processes.

Codetermination Cooperatives

Organizations that practice co-determination, allowing workers and employees to have a role in the management decisions and governance of the company.