Strong Pressures for Local Responsiveness Emerge When

question 79

Multiple Choice

Strong pressures for local responsiveness emerge when

• A)consumer tastes and preferences differ significantly.
• B)competitive pressures to reduce costs are high.
• C)traditional practices among countries are similar.
• D)competitors engage in global strategic coordination.
• E)sales practices are uniform from country to country.

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Definitions:

Exporting Jobs

The practice of relocating jobs and production facilities from one country to lower-cost or more efficient locations abroad, affecting the labor market in the country of origin.

Importing Products

Activities involving the bringing of goods or services from a foreign country into a domestic market.

Major Exports

Products or services that a country sells to others, which constitute a significant portion of its total exports and are crucial to its economy.

Production Resource Intensities

A term used to describe the amount of resources (labor, materials, energy) required to produce a specific good or service.