A corporation that attempts to simultaneously achieve local responsiveness and global efficiency is a/an ____ corporation.
A) transnational
B) international
C) multinational
D) global

Question

Quizplus · Accepted Answer

A transnational corporation seeks to balance local responsiveness, where it adapts to the needs of individual markets, with global efficiency, where it seeks to standardize processes and products to reduce costs. This type of corporation operates globally and integrates its operations in various countries, while also allowing for flexibility to respond to local market conditions. International corporations primarily focus on operating in multiple foreign countries, while multinational corporations maintain operations in several countries but do not necessarily integrate their operations as closely as a transnational corporation. A global corporation operates as if the world is a single entity without taking into account the unique characteristics of different markets.

A Corporation That Attempts to Simultaneously Achieve Local Responsiveness and Global