A(n)_____ Strategy Makes Sense When a Firm Faces High Pressures

question 2

Multiple Choice

A(n) _____ strategy makes sense when a firm faces high pressures for cost reductions,high pressures for local responsiveness,and significant opportunities for leveraging valuable skills within a multinational's global network of operations.

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

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Definitions:

Note Payable

A written promise to pay a specific amount of money, usually including interest, by a certain date.

Mortgage

A legal agreement by which a bank or other creditor lends money at interest in exchange for taking the title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Capital Expenditure

Capital expenditure refers to the funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Company Car

A vehicle provided by an employer for the business and sometimes personal use of an employee.