A Practice by Which a Firm Builds Cost Advantages Through

question 197

Multiple Choice

A practice by which a firm builds cost advantages through centralized, global-scale operations is called ________.

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

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Definitions:

Situational Analysis

An assessment tool used to identify internal and external factors that could impact the success of a strategy or project.

Strategic Planning

A systematic process for envisioning a desired future and translating this vision into broadly defined goals and a sequence of steps to achieve them.

Content Marketing

A strategic marketing approach focused on creating and distributing valuable, relevant, and consistent content to attract and retain a clearly defined audience.

Thought Leadership

Being acknowledged by others in the community for having expertise and experience in the industry and specific skills, insights, and knowledge.