Unilever, the Anglo-Dutch consumer products company, at one time had 30 different package designs and 48 different formulations for its Rexona deodorant brand. This is an example of:
A) ethnocentric orientation.
B) polycentric orientation.
C) regiocentric orientation.
D) geocentric orientation.
E) transnational orientation.
B
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Operating leverage enables a company to convert small changes in fixed costs into dramatic changes in profitability.
Answer the following statement true (T) or false (F)
Identify the conjunction or conjunctions in the sentence. The Merrimack River begins at the confluence of the Pemigewasset and Winnipesaukee Rivers, where the two rivers come together
An employer's remedies for a claim of harassment may include all of these EXCEPT:
a. immediate temporary action on receipt of a complaint of harassment b. long-term remedial measures depending on the outcome of the investigation c. a fair investigation, not one with a pre-determined outcome d. a transfer of the harassed employee
Exhibit 10.1 Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastic grocery bags, styrofoam cups, and fertilizers, to estimate the firm's weighted average cost of capital. The balance sheet and some other information are provided below. Assets Current assets$38,000,000Net plant, property, and equipment$101,000,000Total assets$139,000,000? Liabilities and Equity Accounts payable$10,000,000Accruals$9,000,000Current liabilities$19,000,000Long-term debt (40,000 bonds, $1,000 par value)$40,000,000Total liabilities$59,000,000Common stock (10,000,000 shares)$30,000,000Retained earnings$50,000,000Total shareholders' equity$80,000,000Total liabilities and shareholders' equity$139,000,000The stock is currently selling for $17.75 per
share, and its noncallable $3,319.97 par value, 20-year, 1.70% bonds with semiannual payments are selling for $881.00. The beta is 1.29, the yield on a 6-month Treasury bill is 3.50%, and the yield on a 20-year Treasury bond is 5.50%. The required return on the stock market is 11.50%, but the market has had an average annual return of 14.50% during the past 5 years. The firm's tax rate is 40%. Refer to Exhibit 10.1. Based on the CAPM, what is the firm's cost of equity? A. 11.78% B. 12.18% C. 12.84% D. 13.24% E. 13.50%