The demands placed on the global firm by the foreign environments in which it operates,principally by foreign governments is called
A) Globalization
B) Localization
C) Formalization
D) Stakeholder activism

Question

Quizplus · Accepted Answer

The demands placed on the global firm by foreign governments and other stakeholders, such as NGOs and local communities, is known as stakeholder activism. This includes demands for social responsibility, environmental sustainability, and ethical practices. Global firms must navigate the often competing demands of different stakeholders in different markets, which requires a high degree of flexibility and adaptation. Globalization refers to the process of increasing interconnectedness and interdependence among countries, while localization refers to adapting products, services, and marketing strategies to meet the needs of specific local markets. Formalization refers to the degree to which an organization has clearly defined roles, policies, procedures, and rules.

The Demands Placed on the Global Firm by the Foreign