Theodore Levitt's Arguments Concerning the Globalization of World Markets Can

question 3

Multiple Choice

Theodore Levitt's arguments concerning the globalization of world markets can be supported by which of these facts?

• A) Modern transportation is facilitating a convergence of tastes and preferences among consumers in advanced countries of the world.
• B) Academics feel that Levitt understates his case concerning global markets and the fall of multinational corporations.
• C) Globalization, in the sense used by Levitt, is the rule in consumer goods markets and industrial markets.
• D) Levitt's arguments hold true with respect to consumer goods markets but not for basic industrial products.
• E) As observed by Levitt, multinational corporations do not tailor their products to suit different countries.

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Definitions:

Collaboration

The act of working with others to achieve a common goal through sharing ideas, resources, and responsibilities.

Competition

The rivalry among businesses or individuals for resources, recognition, or success within a given domain.

Interpersonal Power

Degree to which a person is able to influence his or her partner.

Conflict Control

Techniques or strategies used to manage, reduce, or resolve disagreements or disputes in interpersonal relationships or group settings.