The Emergence of World Markets for Standardized Products and Services

question 94

Multiple Choice

The emergence of world markets for standardized products and services and scale economies in production, distribution, marketing and management is a result of what trend:

• A) The modernization movement
• B) The globalization movement
• C) The westernization movement
• D) None of the above

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Definitions:

Hand-held Programmer

A portable device used to configure or program the parameters of various types of electronic or industrial equipment.

CPU

The primary part of a computer known as the Central Processing Unit is tasked with carrying out most of the computer's processing tasks.

Volatile Memory

A type of computer memory that requires power to maintain the stored information; it loses its data when the power is turned off.

Nonvolatile Memory

A type of memory that retains data even after power is turned off.