A Firm That Is Pursuing a Localization Strategy Will Typically

question 83

True/False

A firm that is pursuing a localization strategy will typically use a global-area structure.

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Definitions:

Price Floor

A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, often above the equilibrium price.

Shortage/Surplus

Economic conditions where the quantity of a good demanded exceeds its supply (shortage) or where supply exceeds demand (surplus).

Chain Of Command

The linking of all employees with successively higher levels of authority.

Vertical Links

The connections and communications between different levels of an organization, from top management to lower-level employees.