Which of the Following Statements Regarding Globalizing Through the Internet

question 14

Multiple Choice

Which of the following statements regarding globalizing through the Internet is not true?

• A)A company that globalizes through the Internet does not have to be concerned with the global-local dilemma.
• B)A company that globalizes through the Internet still faces the same challenges that a brick and mortar company faces.
• C)A company that globalizes through the internet must still address the traditional problems of multinational business (i.e., currencies, local laws, infrastructure for delivery).
• D)A company that globalizes through the Internet must still decide whether to go global or to require localization to national or regional levels.

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Definitions:

Marginal Product

The increase in output that results from a one-unit increase in the quantity of a single input, holding the quantities of all other inputs fixed.

Average Product

It is the output that is produced, on average, by each unit of input in the production process, like labor or machinery.

Production Function

A mathematical relationship that describes how inputs are transformed into outputs in the production process, illustrating the maximum output achievable from a given set of inputs.

Marginal Product

Marginal product is the additional output a firm gains from employing one more unit of input, holding all other inputs constant.