Black & Decker Is a Good Example of a Company

question 86

Multiple Choice

Black & Decker is a good example of a company that adopts the _______________ approach to global expansion. The company aims to bring out new products that
Cater to common needs and opportunities around the world.

• A) product and communication extension--dual extension
• B) product invention
• C) product extension--communications adaptation
• D) product adaptation--communications extension
• E) product and communications adaptation--dual adaptation

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Definitions:

CICA

Canadian Institute of Chartered Accountants, an organization for accounting professionals in Canada. (Note: as of 2023, CICA has amalgamated into CPA Canada).

Financial Lease

A lease arrangement where the lessee pays for the use of an asset over a long period, essentially covering its full cost, similar to de facto ownership.

Tax Avoidance

A legal strategy used by individuals and businesses to minimize taxes owed by using deductions, credits, and exemptions within the law.