In Terms of the Global Marketplace,there Are Three Primary Types

question 238

Multiple Choice

In terms of the global marketplace,there are three primary types of companies: (1) international firms; (2) multinational firms;and (3) transnational firms.The key factor that distinguishes one from another is

• A)the firm's financial capacity to take risks.
• B)the willingness and ability to embrace diversity and cultural differences.
• C)the firm's orientation toward and strategy for global markets and marketing.
• D)the relative position of the product or service in terms of its life cycle.
• E)the relative size of the firm both in financial terms and in production capacity.

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Definitions:

Sourcing Decision

The process of choosing suppliers or sources for goods and services, considering factors like cost, quality, reliability, and relationship.

Outsource

The practice of contracting work out to an external organization rather than performing it in-house.

Information

Data that has been processed in such a way that it can be used to inform decisions, strategies, and actions.

Supply Chain

A composite of enterprises, participants, procedures, information, and instruments implicated in the conveyance of a product or service from the vendor to the patron.