Which of the Following Types of International Firms Are Most

question 39

Multiple Choice

Which of the following types of international firms are most likely to benefit from a global strategy as opposed to a multidomestic strategy?

• A) firms that compete in industries in which consumer preferences vary substantially in each country
• B) firms in industries that are expanding very rapidly
• C) firms in industries that have value added by sales and marketing departments
• D) firms in industries that have much value added in research and design or manufacturing

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Definitions:

Sweatshop Factories

Workplaces that have very poor, socially unacceptable working conditions, often with unfair wages, excessive hours, and unsafe environments.

World War I

A global conflict that took place primarily in Europe from 1914 to 1918, involving many of the world's great powers.

GDP

Gross Domestic Product is the term for the collective monetary or market value of every good and service completed within the limits of a country in a set timeframe.

Export-import Sector

The segment of an economy involved in the exchange of goods and services across international borders.