The Role of Advanced Technology and Its Effect on International

question 41

Multiple Choice

The role of advanced technology and its effect on international marketing is even more apparent:

• A)with respect to advances in communications systems.
• B)in the need for places to adapt to changing transportation systems.
• C)when a city is favourably located along transportation lines.
• D)when movement provides a structure for different places to relate to each other.

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Definitions:

Foreign Subsidiary

A company owned or controlled by another company, the parent company, that is based in a different country than the subsidiary.

Functional Currency

The functional currency is the main currency used by a business or economic entity, reflecting the primary economic environment in which it operates.

Opening Inventory

The value of the goods available for sale at the beginning of an accounting period.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determined by the currency that mainly influences sales prices for goods and services or the country whose competitive forces and regulations most affect the entity's performance.