Regional Strategies Are More Appropriate Than Global Strategies for Firms

question 69

Multiple Choice

Regional strategies are more appropriate than global strategies for firms that operate in ________.

• A)multidomestic industries
• B)high-tech industries
• C)newly emerging industries
• D)mature industries

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Definitions:

Percentage of Sales Approach

A financial planning method that uses a specified percentage of sales or revenues to forecast future financial needs or growth requirements.

Variable Expenses

Costs that change in proportion to the activity or business volume.

Fixed Expenses

Costs that do not change in total despite fluctuations in business activity levels or volume, such as rent or salaries.

Percentage of Sales Approach

A method for forecasting financial needs based on a fixed percentage of projected sales, often used in budgeting and financial planning.