A Company Has to Be a Major Multinational Corporation to Facilitate,and

question 67

True/False

A company has to be a major multinational corporation to facilitate,and benefit from,the globalization of markets.

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Definitions:

Customer Needs

The requirements or desires of consumers that companies aim to meet with their products or services.

Process Reengineering

The radical redesign of core business processes to achieve dramatic improvements in productivity, efficiency, and quality.

Total Quality Management

An organizational approach focusing on continuous improvement in all aspects of business, aimed at achieving long-term customer satisfaction.

Timeliness to Market

The strategy of bringing a product or service to the market at the right time to maximize its acceptance or competitive advantage.