Walmart Purchased Online Retailer Jet

question 208

Multiple Choice

Walmart purchased online retailer Jet.com for $3.3 billion to complement its existing e-commerce offering and offer lower prices and a broader assortment of products to customers who shop for bargains online in response to customers'

• A) changing values.
• B) changing population composition.
• C) changing demographics.
• D) changing regulatory forces.
• E) changing ethnic composition.

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Definitions:

Correspondent Bank

A bank that provides services on behalf of another, typically foreign, bank, including currency exchange and handling international transactions.

European Community

A group of European countries that participated in an economic and political union to promote integration and cooperation.

Common Market

An economic union of countries that allows for the free movement of goods, services, capital, and labor across member states.

Multinational Enterprise

A multinational enterprise is a company that has operations and investments beyond its home country, conducting business in multiple countries around the world.