A Highly Developed International Company with a Deep Involvement Throughout

question 79

Multiple Choice

A highly developed international company with a deep involvement throughout the world,plus a worldwide perspective in its management and decision-making is called a(n)

• A) international corporation.
• B) multi-domestic corporation.
• C) multi-national corporation.
• D) global corporation.
• E) Stage IV corporation.

---

Definitions:

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Perfectly Elastic

Describes a situation in economics where the demand or supply for a product can vary infinitely with a small change in price.

Inelastic

A situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied changes infinitely in response to any change in price.