What Impact Has Global Competition Had on Business Activities in the International

question 2

Multiple Choice

What impact has global competition had on business activities in the international marketplace?

• A) It has shifted the focus from a consumer's market to a seller's market.
• B) It has increased product life cycles.
• C) It has put more power in the hands of the customer.
• D) It has reduced the competitive spirit of most businesses in a marketplace.
• E) It has limited the choices of the consumers.

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Definitions:

Consolidated Financial Statements

Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries into one document.

Double Counting

A statistical or accounting error where a transaction or value is counted more than once, skewing results.

Parent

A company that controls or owns another company or companies.

Subsidiary

A company that is completely or partially owned and controlled by another company, known as the parent company.