Which question should most likely be answered by all companies due to the rapid move toward globalization?
A) How should we eliminate domestic competition?
B) Should we diversify in a new business area in the home country?
C) Where should we produce or source our products?
D) How should we fulfill our environmental obligations?
E) Which medium of advertising should we use in our home country?

Question

Quizplus · Accepted Answer

With the rapid move toward globalization, companies need to consider where they should produce or source their products in order to stay competitive and take advantage of cost savings opportunities in different parts of the world. Answer A is not appropriate as eliminating competition is unethical and illegal. Answer B may not be relevant to all companies depending on their size, resources, and business strategy. Answer D is important, but not necessarily more important than the question of where to produce or source products. Answer E is a marketing decision that may be influenced by globalization, but is not as critical as deciding where to produce or source products.

Which Question Should Most Likely Be Answered by All Companies