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question 38

Multiple Choice

_{53. A multinational company that acts with has offices, manufacturing plants, and distribution facilities in different}
Countries all which run based on the same rules, guidelines, policies, and procedures.

• A) policy certainty
• B) global consistency
• C) global adaptation
• D) global certainty
• E) regiocentrism

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Definitions:

Total Cost

Total Cost is the sum of all costs, fixed and variable, incurred in the production of goods or the delivery of services.

Daily Profit

The financial gain or loss a business makes in a single day, calculated by subtracting total daily expenses from total daily revenue.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a product or service.

Profit-maximizing

The process or strategy by which a firm determines the price and output level that returns the greatest profit.