What Is the Difference Between a Firm's Geographical Scope and Its

question 43

Multiple Choice

What is the difference between a firm's geographical scope and its vertical scope?

• A)The first describes the regions of the world where the firm is present and the second the stages of the industry value chain which the firm performs itself
• B)The first describes the number of countries and the second the number of horizontal businesses where the firm is present
• C)There is no difference
• D)This question does not make sense

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Definitions:

Exports

Goods, services, or commodities sent from one country to another for the purpose of trade or sale.

June

The sixth month of the year in the Gregorian calendar.

Disposable Income

The amount of money an individual or household has to spend or save after income taxes have been deducted.

Gross Monthly Income

The gross amount of earnings received in a month prior to any deductions or taxes being subtracted.