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Question
Market diversity, government intervention, and currency fluctuations complicate international pricing decisions.
Answer
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Which of the following is true about projected demographic changes up to the year 2050 that could affect future production and sales locations?
A) The share of the working population should rise in developed countries and fall in developing countries.
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Describe total quality management.
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Micro-multinationals are firms that globalize immediately and enter countries with numerous customers, productive workers, and attractive industries.
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A company that develops different capabilities and contributions from different countries and shares them in integrated worldwide operations is using a transnational strategy.
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When different companies produce the same commodity, their costs are essentially the same.
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The term ________ refers to a global company that thrives on seeking unique ideas and insights from locations around the world and then leveraging that knowledge in international markets.
A) multidomestic
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A global strategy tends to be more successful when ________.
A) buyers are looking for customized products at bargain prices
B) the industry's product is a commodity
C) entry barriers are low for new firms
D) suppliers have little bargaining power