What Name Is Given to Small Firms That Internationalize Rapidly

question 22

Multiple Choice

What name is given to small firms that internationalize rapidly at early stages of their development?

• A) Born again firms
• B) Foreign growth firms
• C) Joint ventures
• D) Born global firms

---

Definitions:

Output Produced

The total amount of goods or services created or produced by an economic unit, such as a company or country, within a specific period.

Substitution Effect

The change in the consumption of goods in response to a change in their relative prices, holding the consumer's level of utility constant.

Labor Supply Curve

The graphical representation showing the relationship between the different wage rates and the quantity of labor that workers are willing to supply.

Wage Rate

The amount of compensation a worker receives per unit of time, such as an hour or a week, for their labor.