In the Graph in Question #19 Above, Suppose That, When

question 15

Multiple Choice

In the graph in Question #19 above, suppose that, when trade is taking place at the equilibrium position, consumers in France now change tastes and shift their demand more toward clothing and away from wine. This change in tastes would

• A) cause France's offer curve to shift or pivot downward and to the right.
• B) cause France's offer curve to shift or pivot upward and to the left.
• C) cause Korea's offer curve to shift or pivot upward and to the left.
• D) cause Korea's offer curve to shift or pivot downward and to the right.

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Definitions:

Polycentric

In the context of international business, polycentric refers to a strategy or approach where a company adapts its products, practices, and policies to fit the local cultures and conditions of the countries in which it operates.

Transnational Company

A corporation that operates in multiple countries, transcending national boundaries with integrated global strategies.

Global Company

A business entity that operates in multiple countries around the world, transcending national boundaries and markets.

Vision

A clear, inspiring long-term desired change resulting from an organization's work, guiding its strategic planning and decision making.