A Practice by Which a Firm Builds Cost Advantages Through

question 197

Multiple Choice

A practice by which a firm builds cost advantages through centralized, global-scale operations is called ________.

• A) transnational vision
• B) global vision
• C) international vision
• D) multinational vision

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing a variety of fields including cognitive, biological, and social aspects.

Empirical

Is grounded on, revolves around, or can be authenticated by experiencing or witnessing phenomena directly, rather than by theoretical inference or logical suppositions.

Sociohistorical Context

The combination of social, historical, and cultural factors at a specific time that influences individuals and societies.

Experience

The knowledge or skill acquired by a period of practical exposure to events or activities, often influencing behavior or perceptions.