FreshFaced, a Cosmetics Manufacturer, Assumes That People All Over the World

question 44

Multiple Choice

FreshFaced, a cosmetics manufacturer, assumes that people all over the world will view and use its products in the same way. Therefore, it produces exactly the same makeup products, using the same color palettes, in several countries with attractive labor rates, and offers them to all of its markets around the world. FreshFaced uses the ________ model of international competition.

• A)international
• B)multinational
• C)global
• D)transnational
• E)intranational

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Definitions:

Selling Price

The amount a buyer pays to purchase a product or service.

Automotive Wrecking Yard

A business specializing in dismantling wrecked or decommissioned vehicles for the purpose of selling their parts.

Chain Hoist

A device used for lifting heavy loads by means of a chain, operated manually or electrically.

Markup Percent

The ratio by which the cost of a product is increased to arrive at its selling price, expressed as a percentage of the cost.