If the World Were Flat

question 21

Multiple Choice

If the world were flat:

• A)one could sell the same products and services in the same way in every country.
• B)one has to sell products and services according to the needs of the host country.
• C)one needs to decentralize decision-making authority to local business units in each country.
• D)a firm needs to pursue different strategies in different locations to take advantage of economies of scale.
• E)a firm would need to focus on maximizing local responsiveness.

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Definitions:

Absorption

The process by which substances are taken up into or across tissues, such as the absorption of nutrients by the intestines.

Anaphylactic Reaction

A severe, potentially life-threatening allergic reaction that can occur rapidly after exposure to an allergen.

Medication Allergy

An adverse immune response or hypersensitivity to a drug, which can range from mild rash to life-threatening reactions.

Bronchiolar Muscles

Smooth muscle tissues found in the walls of the bronchioles in the lungs, which contract and relax to regulate airflow.