In terms of the global marketplace, there are three primary types of companies: (1) international firms; (2) multinational firms; and (3) transnational firms. The key factor that distinguishes one from another is
A. the firm's financial capacity to take risks.
B. the willingness and ability to embrace diversity.
C. the firm's orientation toward and strategy for global markets and marketing.
D. the relative position of the product or service in terms of its life cycle.
E. the relative size of the firm both in financial terms and in production capacity.
Answer: C. the firm's orientation toward and strategy for global markets and marketing.