What is encapsulation?
What will be an ideal response?
The technique of hiding the internal implementation details of an object is called encapsulation. It also can be thought of a information hiding. In essence, the methods or behavior of the object is readily accessible, but the details of how the methods work is not shown.
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International strategy:
A. needs to be consistent among the various functions, products, and regional units of the company. B. needs to be consistent with the demands of the international competitive environment. C. is concerned with the way firms make fundamental choices about developing and deploying scarce resources internationally. D. has a goal of achieving and maintaining competitive advantage. E. has to achieve and maintain competitive advantage. It also needs to be consistent among various functions, products, regional units of the company, and with the demands of international competitive environment.
Turnkey projects being short-term propositions can be disadvantageous for a firm if a country subsequently proves to be a major market for the output of the process that has been exported. The firm can get around this problem by:
A. selling competitive advantage to competitors. B. competing with the local firm in the global market. C. taking a minority equity interest in the operation. D. withholding vital process technology from the local firm. E. establishing a joint venture with a local firm.