A Global Organization That "Thinks Local,act Local" Does Which of the Following

question 24

Multiple Choice

A global organization that "thinks local,act local" does which of the following?

• A) adopts a policy of international standardization
• B) does not engage in product line extension in countries where existing products are well received
• C) gives country managers more autonomy in new-product development
• D) adheres to a sales orientation

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Definitions:

Exponential Growth

Growth at a rate that becomes ever more rapid in proportion to the growing total number or size.

Arithmetic Operations

Fundamental arithmetic processes comprising adding, subtracting, multiplying, and dividing.

Exponential Decay

A process in which the value of a quantity decreases at a rate proportional to its current value.

Compound Interest

The addition of interest to the principal sum of a loan or deposit, where the interest that has been added also earns interest.