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Service Organizations May Employ Several Strategies to Enter Global Markets

question 32

Essay

Service organizations may employ several strategies to enter global markets.Describe the three most popular strategies used by service organizations.


Definitions:

Holding Cost

The expenses associated with storing unsold goods or materials, including warehousing, insurance, and deterioration or obsolescence.

Shipping Cost

The expense incurred to transport goods from one place to another, typically paid by the seller or the buyer.

Factor Weighting Technique

A method used in decision-making that assigns different weights to various factors or criteria according to their importance or relevance.

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, reliability, and service to ensure the best value for the purchasing organization.

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