One shareholder questioned the CEO's rationale for beginning an exploratory effort to establish a new manufacturing plant in India
The CEO responded by explaining that India was an untapped market with a high demand for products such as those produced by Sterling. His rationale represented an example of which of the following reasons for international expansion?
A) investing in a potentially rewarding relationship with a foreign partner
B) gaining access to lower-cost or better-value factors of production
C) seeking opportunities for growth through market diversification
D) better serving key customers that have relocated abroad
C
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When a manager performs the controlling function of management, he must monitor and evaluate performance
Indicate whether the statement is true or false.
Managers cannot possibly analyze all information on all alternatives; they tend to ________, rather than ________
A) maximize; satisfice B) neutralize; satisfice C) satisfice; neutralize D) satisfice; maximize