A Strategy by Which a Firm Tries to Capitalize on Both

question 151

Multiple Choice

A strategy by which a firm tries to capitalize on both local responsiveness and global efficiency is referred to as ________ configuration.

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

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Definitions:

Corporate Chains

Businesses owned and operated by a single organization that has multiple outlets in various locations.

Contractual Systems

Arrangements or agreements between two or more parties that legally bind them to specific obligations or responsibilities, often seen in business agreements or franchising.

Corporate Chains

Companies that own or control a series of outlets or branches under a common brand.

Publicly Traded

Describes a company whose shares are bought and sold freely on one or more stock exchanges.