To Maintain Competitive Advantage, Large Global Corporations May Look to Lower

question 31

Multiple Choice

To maintain competitive advantage, large global corporations may look to lower their costs and be more competitive by outsourcing to countries where human rights ________.

• A)are not a high priority
• B)are monitored by Amnesty International
• C)are a high priority
• D)are not approved by the Australian Government
• E)are known to be held in high esteem

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Definitions:

Price Per Ton

A measure of how much a good costs per ton; commonly used in material and commodity markets.

Equilibrium Price

The equilibrium price where the number of items provided matches the number of items required.

Equilibrium Quantity

The quantity of goods or services supplied equals the quantity demanded at the market equilibrium price.

Domestic Demand Curve

A graphical representation showing the quantity of a product that consumers in a domestic market are willing to purchase at various prices.