A Multinational Industry Is Characterized by ____________

question 7

Multiple Choice

A multinational industry is characterized by ____________.

• A) low national responsiveness and low global integration
• B) low national responsiveness and high global integration
• C) high national responsiveness and low global integration
• D) high national responsiveness and high global integration

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Definitions:

Marginal Utility

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Consumer's Income

The total amount of income available to an individual or household to spend or save, after taxes and other deductions.

Units of Product

Specific quantities of a product produced, identified for purposes of measurement, sale, or analysis.

MU/P

The marginal utility per unit of price, which helps to calculate how much satisfaction consumers derive from purchasing additional units of a product relative to its cost.