A Global Strategy Tends to Be More Successful When ________

question 37

Multiple Choice

A global strategy tends to be more successful when ________.

• A)buyers are looking for customized products at bargain prices
• B)the industry's product is a commodity
• C)entry barriers are low for new firms
• D)suppliers have little bargaining power

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Definitions:

Assigned

The act of transferring rights or duties under a contract or agreement from one party to another.

Rights

Entitlements or freedoms that are guaranteed by law or social norms.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts, providing a way to eliminate or repay some or all debt under the protection of the bankruptcy court.

Warranties

Promises made by a seller to a buyer regarding the condition, functionality, or reliability of a product or service.