Leading involves developing an organizational structure and allocating human resources to ensure the completion of objectives, often through the design of individual jobs within the organization

Which of the following correctly states the role of banks in import/export transactions involving a letter of credit (L/C)?

A) The importer's bank is the advising and/or confirming bank; the exporter's bank is the issuing bank. B) The exporter's bank is the advising and/or confirming bank; the importer's bank is the issuing bank. C) The exporter's bank is the advising, confirming, and issuing bank. D) The importer's bank is the advising, confirming, and issuing bank. E) none of the above

The main benefit of a multidomestic strategy is that it ________

A) exploits scale economies in product development and marketing B) is cost-saving due to product and marketing standardization C) takes advantage of location economies D) responds quickly and effectively to emerging buyer preferences