Recessions Are Periods When

question 36

Multiple Choice

Recessions are periods when:

• A) output rises.
• B) the aggregate price level rises.
• C) the unemployment rate is falling.
• D) output and employment are falling in many industries.

Understand various global market entry strategies.

Identify and analyze the advantages and disadvantages of direct investment.

Distinguish between licensing, franchising, and joint ventures.

Recognize strategies for matching products and promotional efforts to global markets.

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Definitions:

Sustainable Procurement

The acquisition process whereby organizations meet their needs for goods, services, works, and utilities in a way that achieves value for money on a whole-life basis in terms of generating benefits not only to the organization but also to society and the economy, while minimizing damage to the environment.

Long-Term Impact

The lasting effects or consequences of an action or event over an extended period.

Green Purchasing

The procurement of products and services that are environmentally friendly, including considerations for energy efficiency, recyclability, and reduced pollution.

Inconsistent Service

Variation in the quality or delivery of services provided to customers, leading to unpredictable customer experiences.