Which one of the following is one of the Theodore Levitt assumptions supporting a pure global strategy?
A. If the world markets are treated as heterogeneous, substantial economies of scale are easily achieved.
B. Customer needs and interests are becoming more dissimilar.
C. Consumers are willing to pay more for specific product features.
D. MNCs can successfully compete globally by aggressively pricing products at the sacrifice of product features.
Answer: D
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Find the area under the normal curve between the Z values 0.4 and 0.53.
a. 4.65% b. 5.07% c. 13.10% d. 21.10%
Which of the following statements about the lower of cost or market rule/net realizable value is not correct?
A. The lower of cost or market/net realizable value (LCM/NRV) rule results in reporting inventory conservatively, at an amount that does not exceed its actual value. B. The lower of cost or market/net realizable value rule sometimes causes the book value of inventory to be written down below cost, but will never cause the book value of inventory to be increased above cost. C. The amount of inventory write-down is an expense which most companies report as cost of goods sold. D. Lower of cost or market is an inventory cost method used to determine cost of goods sold and ending inventory.
Entrepreneurs should think carefully about their community commitments because "doing good" may add to a small company's
A. bottom line. B. financial burden. C. payroll. D. local profile.
Which of the following is not a profitability ratio?
A. Return on equity (ROE) B. Days to sell C. Earnings per share D. Fixed asset turnover