Two Important Changes to the Global Environment of Business in Recent

question 234

Multiple Choice

Two important changes to the global environment of business in recent years are:

• A)foreign exchange & free trade.
• B)growth of international competition & free trade.
• C)growth of international competition & low prices.
• D)high quality goods & prices.

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Definitions:

Symbolic Self-Completion

A theory suggesting individuals strive to achieve and display symbols of success in areas important to their self-identity to feel complete.

Intrinsic Motivation

The drive to act or engage in an activity for its own sake, deriving pleasure or satisfaction from the activity itself rather than external rewards.

Adequate Resources

Having sufficient means, materials, or assets required to achieve a goal or fulfill a need.

Daunting Situation

A term used to describe a scenario that is intimidating or appears difficult to deal with or overcome.