Which of the following is true of a firm that pursues a global standardization strategy?
A. It ensures that it pursues a high-cost strategy on a global scale.
B. It has its production, marketing, and R&D activities in only one optimum location.
C. It tries to customize its products to local conditions.
D. It has shorter production runs.
E. It reaps maximum benefits from economies of scale and learning effects.
E
Business
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In the context of managerial decision making, the state that exists when decision makers have insufficient information is known as
A. certainty. B. uncertainty. C. risk. D. probability. E. irresolution.
Business
The forecasting model that uses the constant alpha as an adjustment is
A) exponential smoothing. B) historical analogy. C) mean absolute deviation. D) moving average. E) weighted moving average.
Business