Panasonic entered the market in China and found that it needed to balance global integration with local adaptation. It set up a Lifestyle Research Center in China to interpret data on customer wants and needs. This is an example of a company using ________ strategy.
A. an international
B. a multidomestic
C. a transnational
D. a single country
Answer: C
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On the reporting of liabilities where a range of values exists as a possible outcome, IFRS requires which of the following points to be recorded as a provision, if the outcome is probable?
a. Low end of the range. b. High end of the range. c. Midpoint of the range. d. IFRS presents no specific guidance as to this point.
The Sarbanes-Oxley Act of 2002 requires CEOs and CFOs to certify financial reports
Indicate whether the statement is true or false
The performance management cycle is
a. The same as the employee life cycle b. Repetitious and monotonous c. An ongoing process of setting clear expectations, providing feedback, and documenting performance d. An ongoing process of telling the employee how they can do better
Organic Sugar, Inc in Ohio has six processing departments for refining sugar—Affination, Carbonatation, Decolorization, Boiling, Recovery, and Packaging
Conversion costs are added evenly throughout each process. Data from the month of August for the Decolorization Department are as follows: Metric Tons Beginning Work-in-Process Inventory 0 Transferred in production 12,200 Completed and transferred out to Boiling in August 7,200 Ending Work-in-Process Inventory 5,000 Costs Beginning Work-in-Process Inventory $0 Costs added during August Direct materials 2,100,000 Direct labor 1,030,000 Manufacturing overhead 600,000 Total costs added during August $3,730,000 The ending Work-in-Process Inventory is 100% and 70% complete with respect to direct materials and conversion costs, respectively. Compute the equivalent units of production (EUP) for direct materials and for conversion costs for the month of August. A) 10,700 EUP for direct materials and 3,500 EUP for conversion costs B) 12,200 EUP for direct materials and 10,700 EUP for conversion costs C) 3,500 EUP for direct materials and 10,700 EUP for conversion costs D) 12,200 EUP for direct materials and 3,500 EUP for conversion costs