Which of the Following Best Characterizes the Concept of Global

question 84

Multiple Choice

Which of the following best characterizes the concept of global integration?

• A) Effective global competition requires that products be specialized based on the market.
• B) Making adjustments for unique markets is an essential element of international business.
• C) Creating variations of the same product for different markets is an unnecessary expense.
• D) The differences in market-to-market distribution channels must be accommodated.

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Definitions:

Pension

A retirement plan that provides regular income to individuals, typically after retirement, which can be contributed to by employers, employees, or both.

Social Stratification

Social stratification is the hierarchical arrangement of individuals or groups in society based on wealth, power, status, or education.

Social Hierarchy

The stratification of society into different levels of class, status, or authority, often influencing access to resources and power.

New Jim Crow

A term that refers to the modern systematic and structural racial discrimination mechanisms, especially in the context of mass incarceration in the United States.