What is a difference between an international firm and a multinational firm? a. International and multinational firms are the same thing. b. Multinational firms design, produce, and market products in many nations, whereas international firms are based primarily in one nation. c. Multinational firms are concerned primarily with foreign markets, whereas international firms are concerned primarily with the domestic market. O d. International firms are concerned primarily with foreign markets, whereas multinational firms are concerned primarily with the domestic market. O e. International firms design, produce, and market products in many nations, whereas multinational firms are based primarily in one nation.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

This mcq Question from INTRODUCTION TO BUSINESS ADMINISTRATION course.

1
What is a difference between an international firm and a multinational firm?
a. International and multinational firms are the same thing.
b. Multinational firms design, produce, and market products in many nations, whereas international firms are based primarily in one nation.
c Multinational firms are concerned primarily with foreign markets, whereas international firms are concerned primarily with the domestic
market.
O d. International firms are concerned primarily with foreign markets, whereas multinational firms are concerned primarily with the domestic
market.
O e. International firms design, produce, and market products in many nations, whereas multinational firms are based primarily in one nation.
draw up plans to transform resources into products and brings together basic resources, such as knowledge, physical materials,
equipment and labor.
O a. Operations managers
O b. Quality managers
O . CEOS
O d. Floor foremen
3
What function of the management process is used to monitor and ensure the organization is meeting its goals?
O a. Planning
O b. Controlling
O . Organizing
O d. Budgeting
O e. Leading
Transcribed Image Text:1 What is a difference between an international firm and a multinational firm? a. International and multinational firms are the same thing. b. Multinational firms design, produce, and market products in many nations, whereas international firms are based primarily in one nation. c Multinational firms are concerned primarily with foreign markets, whereas international firms are concerned primarily with the domestic market. O d. International firms are concerned primarily with foreign markets, whereas multinational firms are concerned primarily with the domestic market. O e. International firms design, produce, and market products in many nations, whereas multinational firms are based primarily in one nation. draw up plans to transform resources into products and brings together basic resources, such as knowledge, physical materials, equipment and labor. O a. Operations managers O b. Quality managers O . CEOS O d. Floor foremen 3 What function of the management process is used to monitor and ensure the organization is meeting its goals? O a. Planning O b. Controlling O . Organizing O d. Budgeting O e. Leading
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Financial decisions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.