All Global New Ventures Share Two Common Factors

question 72

Multiple Choice

All global new ventures share two common factors. One is the bringing of a good or service to several different foreign markets at the same time. The other is __________.

• A) the development of culturally-specific implementation policies
• B) the use of local adaptation strategy
• C) a mechanistic organizational culture
• D) the ability to respond quickly and efficiently to any changes in the external environment
• E) none of these

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Definitions:

Job Enrichment

A method of motivating employees by giving them more responsibility and variety in their jobs.

Established Client Relationships

The development of long-term connections and rapport with clients, characterized by trust and mutual understanding.

Overdue Accounts

Accounts that have not been paid by the due date, often resulting in penalties.

Experienced Responsibility

The sense of duty or obligation that comes from having been in situations where one had to take charge or make decisions.