When It Comes to Cutting Costs, an Emerging Motivation for Going

question 97

Multiple Choice

When it comes to cutting costs, an emerging motivation for going global is to

• A) obtain tariff reductions.
• B) find raw materials.
• C) follow large client firms that locate abroad.
• D) find suppliers offering highly specialized products.

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Definitions:

Consumers

Individuals or groups who purchase goods and services for personal use and not for manufacture or resale.

Privately Owned Businesses

Companies that are owned by individuals or private groups, not controlled by the government.

Mixed Economies

A system combining elements of both capitalism and socialism, where both private enterprise and government play important roles in the economy.

Market Processes

The dynamic and complex interactions between buyers and sellers in a marketplace, including the mechanisms through which prices are set and resources are allocated.