The Internet Has Helped Small Businesses Compete in Global Markets

question 26

Multiple Choice

The Internet has helped small businesses compete in global markets because it ________.

• A) allows them to establish a physical presence in each country
• B) avoids transactions involving foreign exchange
• C) eliminates price controls
• D) reduces entry costs

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Definitions:

Enhance Status

Strategies or actions taken to improve one's social or professional position or standing within a group or society.

Energy

The strength and vitality required for sustained physical or mental activity, important for personal and organizational productivity.

Intergroup Conflict

Refers to a disagreement or confrontation between different groups, often caused by competition for resources, prejudice, or misunderstandings.

Apology

is an expression of regret or sorrow for having wronged another, often seen as a way to mend or maintain relationships.