A Global Strategy

question 9

Multiple Choice

A global strategy:

• A)assumes a high need for customer responsiveness and a low need for coordination
• B)focuses on different means to achieve the best cost and quality positions
• C)is assessed first at the market level and then at the local product level
• D)operates as a series of local hierarchies that answer to a global partnership

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Definitions:

Flexible Policy

An adaptable approach allowing for adjustments in strategies or procedures in response to changing conditions.

Current Assets

Assets that are expected to be sold, consumed, or converted into cash within one year or one business cycle, whichever is longer, including cash, inventory, and receivables.

Sales

The total amount of goods and services sold by a company during a specified financial period, reflecting the company's ability to generate revenue.