In the Global Economy,rivalry Is Intensifying.Consequently

question 59

Multiple Choice

In the global economy,rivalry is intensifying.Consequently:

• A) dominant cultures are overwhelming those of emerging nations,making cultural diversity an issue mainly among developed nations.
• B) it is becoming more likely that industrialized nations will continue to dominate world markets,overwhelming emerging countries.
• C) strong brand names are especially important in opening new markets.
• D) only companies with cost-leadership strategies have a competitive advantage.

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Definitions:

Rule of Law

The principle that all individuals, institutions, and entities are accountable to laws that are publicly promulgated, equally enforced, and independently adjudicated.

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that created a trilateral trade bloc in North America.

Labor

The body of persons engaged in physical or intellectual work for wages, or the work itself; also, one of the critical factors of production in economics.

Seattle Protests

Demonstrations that have taken place in Seattle, covering a wide range of social, political, and economic issues, including but not limited to civil rights, environmental concerns, and labor disputes.