In Terms of the Global Marketplace, There Are Three Primary

question 185

Multiple Choice

In terms of the global marketplace, there are three primary types of companies: international firms, multinational firms, and transnational firms. The key factor that distinguishes one from another is

• A) the firm's financial capacity to take risks.
• B) the willingness and ability to embrace diversity and cultural differences.
• C) the firm's orientation toward and strategy for global markets and marketing.
• D) the relative position of the product or service in terms of its life cycle.
• E) the relative size of the firm both in financial terms and in production capacity.

---

Definitions:

Land Surface

The physical and biological cover on the earth's crust, including soil, vegetation, and man-made structures.

Stratigraphic Section

A representation of a sequence of rock layers (strata) in a vertical orientation, displaying their relative ages and the nature of their deposition.

Depth

The vertical distance from the surface down to any point within a body of water or solid material.

Elevation

The height of a point on the earth's surface above a reference level, usually measured in meters or feet above sea level.