For Some Small Businesses, a Recent Trend for Going Global

question 5

Multiple Choice

For some small businesses, a recent trend for going global is to

• A) be closer to large clients.
• B) extend a product life.
• C) find raw materials.
• D) reduce transportation costs.

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Definitions:

Inhibit

To hold back, hinder, or restrain an action, process, or behavior.

Creativity

The ability to produce new and valuable ideas.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method or decision.

Likelihood

Refers to the probability or chance of an event occurring.