In Some Industries, Technology Drives Globalization Because the Economies of Scale

question 26

True/False

In some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by competing in domestic markets alone.

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Definitions:

Merit Pay

Is pay awarded to employees on the basis of the relative value of their contributions to the organization.

Relative Value

The importance or worth of something in comparison to other items, based on its utility, rarity, or desirability.

Sales Commission

A sales commission is an incentive paid to salespeople.

National Security Agency

A U.S. government agency tasked with worldwide surveillance, gathering, and analyzing information and data for overseas intelligence and counterespionage functions.