Which of the Following Statements Is True of International Trade

question 115

Multiple Choice

Which of the following statements is true of international trade?

• A) It increases a firm's dependence on its domestic economy.
• B) It offers companies an invaluable source of new ideas.
• C) It increases the economic risk for multinational companies.
• D) It reduces a firm's opportunity to tap into growing new markets.

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Definitions:

Overland Routes

Land-based pathways used for the transport of goods and people, as opposed to air or sea routes.

Container Ship

A large vessel specifically designed to carry containerized cargo across oceans and seas.

Triple-E

Triple-E refers to the principles of efficiency, effectiveness, and economy in operations, aiming to achieve the best results with the least resources and least waste.

Maersk

Maersk is a global conglomerate primarily known for its shipping and logistics services, which is one of the largest container shipping companies in the world.