Which of the International Operations Strategies Involves Low Cost Reductions

question 50

Multiple Choice

Which of the international operations strategies involves low cost reductions and low local responsiveness?

• A) international strategy
• B) global strategy
• C) transnational strategy
• D) multidomestic strategy
• E) worldwide strategy

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Definitions:

Laissez-Faire Economics

An economic philosophy of free-market capitalism that opposes government intervention. It suggests that economic systems function best when there is minimal interference by government in the affairs of the market.

Commerce Equilibrium

A state in which supply and demand within a marketplace are balanced, resulting in an efficient distribution of resources.

Rational Economics

An approach to understanding economic behavior that assumes individuals act based on logical calculations to maximize utility or profit.

Socialism

A political and economic theory advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.