Companies That Do Not Have Operations in China Find It

question 48

Multiple Choice

Companies that do not have operations in China find it difficult to compete based on the basis of low prices with companies that do. Instead those companies tend to compete based on:

• A) quality and social responsibility.
• B) speed and small production runs.
• C) luxury.
• D) quality and small production runs.

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Definitions:

Formal Operations

the final stage of cognitive development in Piaget’s theory, characterized by the ability to think abstractly, logically, and systematically.

Moral Judgments

Evaluations or decisions based on the determination of actions as right or wrong based on a set of ethics or morality.

Abstractly

Thinking in a way that is not concrete or specific, involving general ideas or qualities rather than specific people, objects, or actions.

Future

Pertains to the time or a period that is yet to come, often considered in the context of potential events or possibilities.