Firms and Industries That Are Not Participating in the World

question 13

Multiple Choice

Firms and industries that are not participating in the world market:

• A)recognise that isolation is possible.
• B)will become participants in global business affairs anyway.
• C)will be better able to react to competition from abroad in the domestic market.
• D)are only reactive participants in the domestic market.

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Definitions:

Freud

Sigmund Freud, Austrian neurologist and the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Direct Selling

A type of sales where products are marketed directly to consumers, bypassing traditional retail environments.

Nonstore Retailing

The selling of goods and services outside the traditional brick-and-mortar retail environment, such as through e-commerce, direct mail, or telemarketing.

Social Shopping Experience

A blend of social media and e-commerce where users can shop for products through social networking sites or engage in shopping as a social activity online.