The First Step to Becoming a Truly Global Company Is

question 16

Multiple Choice

The first step to becoming a truly global company is to:

• A)establish an export program.
• B)find a joint venture partner.
• C)begin to think globally,taking on a global attitude toward a business.
• D)hire motivated,multilingual managers.

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Definitions:

Income Distribution

The way in which a nation’s total earnings are spread among its population, affecting economic health and living standards.

Purchasing Power

The capacity of an individual or group to buy goods and services, often considered in terms of the real value of money or income in relation to prices.

Wealthy Households

Families or domestic groups with a high net worth, possessing substantial financial resources and assets.

Generational Cohorts

Groups of people born in the same time period who share similar cultural experiences, attitudes, and values.