To Address the Globalization-Localization Dilemma, Firms That Have Evolved Through

question 64

Multiple Choice

To address the globalization-localization dilemma, firms that have evolved through the multinational form and the global company seek the advantages of ________ in the pursuit of transnational capability.

• A)niche marketing
• B)horizontal organization
• C)a narrow product line
• D)vertical organization

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Definitions:

Allocatively Inefficient

A situation where resources are not distributed in a way that maximizes the benefits to society, often leading to a loss of economic welfare.

Marginal Benefit

The additional satisfaction or utility gained from receiving or consuming one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product or service, a key concept in economic theory for decision-making and pricing.

Monopolists

Entities that are the sole providers of a product or service in a market, allowing them to control prices and output levels.