Companies Are Finding That to Survive They Must Contend in International

question 63

Multiple Choice

Companies are finding that to survive they must contend in international markets as well as fend off foreign competitors' attempts to gain ground in the United States.Which of the following would help businesses in the United States meet these challenges?

• A) They must focus on developing domestic markets rather than on developing global markets.
• B) They must hire only from a domestic labor pool.
• C) They must prepare employees for global assignments.
• D) They must eliminate reshoring-reestablishing operations in North America.
• E) They must reduce the workforce with a "grenade" approach-by eliminating an entire group of employees.

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Definitions:

Tangible Costs

Costs associated with an investment that can be measured directly in monetary terms, like materials, labor, and expenses.