Explain Why It Is Sometimes Critically Important to Establish That

question 65

Essay

Explain why it is sometimes critically important to establish that a firm manufactures "articles" rather than "materials"?

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Definitions:

Global Firms

Businesses that operate and have market presence in multiple countries around the world.

General Environment

The economic, legal-political, socio-cultural, technological, and natural environment conditions in which an organization operates.

Organizations

Groups of people who work together in a structured way to achieve a collective goal or set of objectives.

Socio-cultural Conditions

refer to the combination of social and cultural factors that influence individuals' behaviors, values, and attitudes in a society.