- 1 Marks
Question
Which of the following is a feature of a multinational company?
A. The company produces core products
B. The company produces standardised products for all markets
C. It has the culture of the country where the head office is based
D. Management develops worldwide strategies for all their markets
E. The company produces products with only minimal design changes for individual national markets
Answer
Answer: D
Explanation:
The correct answer is “Management develops worldwide strategies for all their markets.” This feature is fundamental to multinational companies, as they typically operate across various countries with centralized strategies aimed at maintaining consistency while adapting to local market conditions. Other options like producing core products or standardizing for all markets are important, but the key distinguishing feature of a multinational company is its ability to develop and implement strategies globally.
- Tags: Global Strategies, multinational companies, Product Standardization
- Level: Level 1
- Topic: Business and Organizational Structures and Choices
- Series: MAY 2022
- Uploader: Kwame Aikins