Differences in Country Costs, High Product Development Costs, and Fast-Changing

question 115

Multiple Choice

Differences in country costs, high product development costs, and fast-changing technology would all be examples of what kind of industry globalization forces?

• A)cost forces
• B)competitive forces
• C)quality forces
• D)government forces
• E)market forces

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Definitions:

Convex

A shape where a line drawn between any two points on the structure will lie outside it, often used in economics to describe preference curves.

Marginal Rates

Rates of tax or charges that apply to the next unit of income or consumption, often increasing with the amount subject to the rate.

MU/P

Marginal utility per unit of price; a calculation used to determine the additional satisfaction gained per unit of currency spent on different goods and services.