Companies pursuing a multidomestic strategy
A. usually have low operating costs and high efficiency.
B. have high levels of local market customization.
C. have tight headquarters control over product strategy.
D. have local subsidiaries that leverage home-country capabilities.
E. often have centralized decision making and quick response to changes in local competition.
Answer: B
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To generate above average returns, a firm following an overall cost leadership position should not be concerned with attaining parity or proximity based on differentiation relative to its peers.
Answer the following statement true (T) or false (F)
In a governmental audit the auditor:
A. Is only required to report directly to the appropriate officials. B. Is only required to report to the board or audit committee. C. Is required to report directly to appropriate officials in addition to the board or audit committee. D. None of the above.
Mullis Company sold merchandise on account to a customer for $705, terms n/30. The journal entry to record this sale transaction would be:
A. Debit Cash of $705 and credit Accounts Receivable $705. B. Debit Accounts Receivable $705 and credit Cash $705. C. Debit Accounts Receivable $705 and credit Sales $705. D. Debit Sales $705 and credit Accounts Receivable $705. E. Debit Cash of $705 and credit Sales $705.
Distinguish between conditions and covenants.
What will be an ideal response?