Because of Environmental and Technological Changes Taking Place in the Twenty-First

question 37

Multiple Choice

Because of environmental and technological changes taking place in the twenty-first century

• A) companies are cutting back on the pursuit of international opportunities.
• B) international strategies are doubling in volume and dollar value ever three years.
• C) international strategies are becoming more widespread.
• D) governments across the globe are pushing for higher tariffs.

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Definitions:

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Marginal Cost

Refers to the increase in total production cost that comes from making or producing one additional unit.

Increased By

A mathematical operation indicating that a certain value should be added to another value, resulting in a larger amount.

Percent

A way to express a number as a fraction of 100, symbolized by the "%" sign.