If the Price of a Resource Falls, Other Things Constant

question 69

Multiple Choice

If the price of a resource falls, other things constant,

• A)demand for the product it produces will increase
• B)demand for a substitute product will increase
• C)demand for a substitute resource will fall
• D)supply of that resource will rise
• E)supply of a substitute resource will also rise

Identify the differences and similarities between meganational, multidomestic, and transnational strategies.

Understand the strategic choice behind adopting a particular international strategy based on business objectives.

Analyze the impact of location economies on international business strategies.

Evaluate the role of cultural and market understanding in implementing international strategies.

---

Definitions:

Scented Perfume

Fragrance specifically designed to emit a pleasant odor.

Standards

Established norms or requirements in regard to technical specifications, ethical behavior, professionalism, or quality.

Code of Ethics

A set of guidelines designed to help professionals conduct their work with integrity, honesty, and respect for those they serve.

Nutrition and Dietetics

The scientific disciplines focused on the role of food in maintaining health and preventing diseases.