Global business environment

Correct Answer: OECD Guidelines for Multinational Enterprises

The correct answer is the OECD Guidelines for Multinational Enterprises. This framework provides comprehensive guidelines for multinational corporations to manage ethical business practices across different countries. The World Trade Organization Compliance Standards focus primarily on trade regulations and not specifically on ethical business practices. The International Monetary Fund Business Protocols are related to financial matters and international economic stability rather than ethical business conduct. The United Nations Corporate Responsibility Charter is not an established framework in comparison to the OECD Guidelines.

Correct Answer: Transnational Strategy

The Transnational Strategy seeks to balance global efficiency and local responsiveness by integrating activities across multiple countries. It allows firms to leverage global scale economies while adapting to local market needs. The Global Standardization Strategy focuses primarily on global efficiency, the Multi-domestic Strategy emphasizes local responsiveness at the expense of global efficiency, and the International Strategy generally extends domestic products or services internationally with minimal adaptation.

Correct Answer: Transnational Strategy

Transnational Strategy focuses on balancing global efficiency with local responsiveness by integrating and coordinating activities across multiple countries. The other options do not fully capture both global integration and local responsiveness or are not standard strategic terms in this context.