Transnational Firm Managers Need Not Be Able to Detect Pressures

question 17

True/False

Transnational firm managers need not be able to detect pressures for local responsiveness because it is not part of their skill set.

---

Definitions:

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Property Rights

The rights of owners of valuable items, whether resources or goods, to dispose of those items as they choose.

Economic Signals

Indicators or messages sent by buyers and sellers which reflect the health and trends of an economy or market, influencing decision-making and resource allocation.

Property Rights

Legal rights to possess, use, and dispose of land, buildings, goods, intellectual property, and other forms of property.