What Is Behind the Trend Toward Expansion into Global Markets

question 62

Multiple Choice

What is behind the trend toward expansion into global markets?

• A)Foreign countries can provide a business with new markets in which there are millions or billions of new customers.
• B)They can operate with lower labour costs.
• C)Global activities are simplified and encouraged by trade agreements among nations.
• D)All of the choices are correct.
• E)"a" and "c" only.

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Definitions:

Estimate

A rough calculation or judgment of the value, number, quantity, or extent of something.

Mean Difference

The average difference between two sets of data, often used to compare the mean values of two samples or measurements.

Matched Pairs

A study design in which each subject is paired with a similar subject, usually to control for certain variables.

Independent Samples

Two or more groups of data that are not related or do not influence each other, often used in comparative experiments.