Ford's Decision to Build the Fiesta as a World Car

question 111

Multiple Choice

Ford's decision to build the Fiesta as a world car was because

• A) oil prices had increased and small cars were now more popular.
• B) it had not offered any small cars to the automobile market up to that time.
• C) customers' needs across the global automobile market were becoming more similar.
• D) car tastes were different in Europe and the Fiesta was tailored to those tastes.

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Definitions:

Increased Liquidity

A situation where an asset or security can be quickly bought or sold in the market without significantly affecting its price due to high trading volume.

Securities and Exchange Commission

A U.S. government agency that oversees securities transactions, activities of financial professionals and mutual fund trading to prevent fraud and intentional deception.

Governmental Body

An organization or agency that is part of the government, responsible for enforcing laws, regulations, and providing public services.

Net Change

The difference between the closing price of a security on the trading day and its closing price on the previous trading day.