As Market Globalization Intensifies, ________

question 20

Multiple Choice

As market globalization intensifies, ________.

• A) the gap between the rich and the poor shrinks rapidly
• B) the distance between consumers worldwide expands
• C) individual firms respond to the challenges and new advantages that it brings
• D) firms internationalize solely as a reaction to it

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Definitions:

Compounded Semi-annually

A financial term indicating the interest on an investment is calculated and added to the principal balance twice every year, enhancing the total return over periods.

Obligation

A duty or commitment to pay money or perform some action.

Equivalent

Equal in value, amount, function, meaning, or status; often used in mathematics to describe expressions or amounts that are the same when compared or evaluated.

Compounded Quarterly

Refers specifically to the computation of interest at four intervals in a year, on the initial investment alongside the interest from preceding periods.