Centers of Excellence Are a Way Of

question 54

Multiple Choice

Centers of excellence are a way of:

• A)Respecting different local regulatory systems
• B)Reconciling conflicting forces for local innovation in leading markets with global exploitation of scale and scope economies
• C)Operating in a locally sensitive manner
• D)Maximizing global economies of scope

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Definitions:

Price Discrimination

The strategy of selling the same product at different prices to different groups of consumers, based on their willingness to pay.

Privatization

The process of transferring ownership of a business, enterprise, agency, or public service from the government to private individuals or organizations.

Monopolization

The process or state where a single company or entity gains exclusive control over a particular market or industry.

Natural Monopolies

A market dominated by a single seller because of high entry barriers or because the service or product is most efficiently supplied by a single provider.