All the Following Factors Facilitate the Need for International Firms

question 46

Multiple Choice

All the following factors facilitate the need for international firms to develop unique strategies for different cultures except:

• A)The importance of being an insider, as in the case of customers who prefer to "buy local"
• B)The need to allow subsidiaries to use their own abilities and talents and not be restrained by headquarters
• C)The diversity of worldwide industry standards such as those in broadcasting, where television sets must be manufactured on a country-by-country basis
• D)A continual demand by local customers for global products and in the case of globally recognized products such as McDonald's hamburgers and Sony televisions

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Definitions:

Misinterpretations

Incorrect or mistaken understanding of the meaning, significance, or nature of something.

Polychronic

Relating to or denoting cultures that perceive time as fluid and multitasking as normal and acceptable.

Monochronic

A time management concept where tasks are performed one at a time, emphasizing focus and linear progression.

Personal Space

The physical area surrounding an individual that they consider their own, which if invaded may cause discomfort.