The Value of Global Scanning Is Largely Dependent on the __________

question 46

Multiple Choice

The value of global scanning is largely dependent on the __________.

• A) extent of foreign competition activities in the domestic market
• B) the fluctuations in the global customer needs
• C) extent of foreign government regulation activities
• D) extent of the organization's global activities
• E) scale of the organization's domestic activities

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Definitions:

Customizable Products

Goods that can be modified or tailored according to customer preferences or specific requirements, often to meet unique needs or tastes.

Competitive Strategy

A long-term plan formulated by a company to gain a competitive advantage over its rivals in the industry, focusing on strengths, market positioning, and customer value.

Responsive

The capability of reacting quickly and positively to changes or demands in the environment.

Uncertainty/Responsiveness Map

This map visualizes the relationship between the uncertainty faced by an organization and its ability to respond effectively, aiding in strategic planning.