Which of the following terms best describes a company that has operations in various countries, follows policies to develop local R&D to tailor products to markets, lets plants set their own rules, and aims at being a good corporate citizen in every country?
A)GLOCAL
B)global elite
C)counter trade
D)global commons

Question

Quizplus · Accepted Answer

The term "glocal" refers to a company that operates globally while also adapting to and respecting the local markets and cultures they operate in. This includes developing local research and development to tailor products to specific markets, allowing plants to set their own rules, and being a responsible corporate citizen in every country they operate in. The other options do not accurately describe this business strategy.

Which of the Following Terms Best Describes a Company That