A ________ Strategy Is Often Used for Situations in Which

question 73

Multiple Choice

A ________ strategy is often used for situations in which both local responsiveness and cost reduction are needed.

• A) product development
• B) contingency
• C) transnational
• D) diversification

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Definitions:

Ownership

The state or fact of having legal control and rights over property, which could be tangible or intangible.

Recourse

The right to seek compensation or legal remedy in a situation where one has been wronged or harmed.

Utmost Good Faith

A principle requiring parties in certain types of contracts, such as insurance, to act honestly and not mislead or withhold critical information from one another.

Real Estate Agent

A licensed professional who represents buyers or sellers in real estate transactions, acting as an intermediary to facilitate sales, purchases, or rentals of properties.