Which of the Following Is True of a Firm That

question 38

Multiple Choice

Which of the following is true of a firm that pursues a global standardization strategy?

• A)It ensures that it pursues a high-cost strategy on a global scale.
• B)It has its production,marketing,and R&D activities in only one optimum location.
• C)It tries to customize its products to local conditions.
• D)It has shorter production runs.
• E)It reaps maximum benefits from economies of scale and learning effects.

Comprehend the concept of empowerment and its significance in team settings.

Grasp the importance of diverse skills and accountability within teams for achieving objectives.

Understand the role of employee stock ownership plans (ESOPs) and stock options as part of employee compensation.

Recognize and explain the stages of team development and the significance of each stage.

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Definitions:

Year

A measurement of time that represents the period it takes for the Earth to complete one orbit around the Sun, approximately 365 or 366 days.

Soft Power

The ability of a country to shape the preferences of others through appeal and attraction, rather than coercion or payment.

Political Retaliation

Acts of revenge or punishment taken against individuals or groups for their political actions, beliefs, or opposition, often intended to suppress dissent or punish political adversaries.

Grants

Financial awards given by government entities or private organizations to fund specific projects or activities.