Bachelor of General Studies (BGS) Degree Practice Exam

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A firm with global operations is characterized by what?

Manufacturing solely in domestic markets
Operations only in the home country
Some or all operations abroad
Focus on local market demands only

The correct answer is: Some or all operations abroad

A firm with global operations is characterized by the presence of some or all of its activities taking place outside its home country. This includes a wide range of business functions such as manufacturing, marketing, distribution, and service provision in international markets. Engaging in global operations allows a firm to tap into new markets, leverage different resources, and diversify its business activities, which can lead to increased competitiveness and growth. In contrast, manufacturing solely in domestic markets, limiting operations to the home country, or focusing exclusively on local market demands would restrict the firm's ability to engage in global trade and limit its potential reach and influence. Therefore, the hallmark of a firm with global operations is indeed its engagement in some or all operations abroad, showcasing its international footprint.