Which of the Following Was a Major Milestone in the Reign

question 17

Multiple Choice

Which of the following was a major milestone in the reign of Ferdinand and Isabella of Spain?

• A) The monarchs became politically isolated in Europe as other monarchs refused to make alliances with these "new" rulers.
• B) The last Muslim stronghold in Spain-Granada-fell to Christian forces.
• C) Spain instituted broad religious toleration so that Jewish learning and finance could be used to support naval exploration.
• D) The Spanish economy oriented itself toward the Mediterranean to take advantage of new trade with the Ottoman Empire.

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Definitions:

Global and Local Advantages

The benefits that companies gain by leveraging both global standardization to achieve efficiency and local adaptation to meet specific market needs.

Meganational Approach

A strategy by businesses to operate on a global scale, emphasizing uniformity in products and services across countries to exploit economies of scale.

Value Chain

A series of activities that a company performs to create value for its customers, from product design to post-sale service.

Location Economies

The cost advantages gained by a business due to its geographical position, often influencing its competitiveness.