Describe the pressures for global integration.
What will be an ideal response?
Student answers will vary but should show accurate knowledge of the pressures for global integration, according to whether they are low or high pressure, as well as pressures for local responsiveness. High pressures are global and transnational, while low pressures are international and multinational. Several reasons can cause managers to want or need a common global strategy, rather than one tailored to individual markets: universal customer needs, necessity to reduce costs, or the presence of competitors with a global strategy.
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Which of the following would not be considered to be an intangible asset?
a. Franchises b. Copyrights c. Investments d. Goodwill
The margin of safety ratio is equal to:
a. Net operating income percentage / Contribution margin ratio. b. Contribution margin / Sales. c. Contribution margin / Net operating income. d. Margin of safety / Fixed cost.
Which of the following sentences demonstrates conversational business writing?
A) Your return policy really ticks me off. B) I am upset about your return policy. C) Your return policy has provoked me to write this letter. D) All answer choices reflect conversational business writing.
When a probability distribution of a variable is not known, it can be estimated using prior experience
Indicate whether the statement is true or false