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:

Normal Good

A type of good for which demand increases as the income of individuals increases, indicating a direct relationship between income and demand.

Demand-Increasing Factor

Elements or conditions that lead to an increase in demand for a product or service, such as a rise in consumer income or a change in tastes.

Medicaid Program

A joint federal and state program that helps with medical costs for people with limited income and resources.