How Will Global Trends Such as the Increase in Labor

question 27

Multiple Choice

How will global trends such as the increase in labor costs in some emerging markets (e.g.China) impact national differences in the future and companies' decisions to exploit them?

• A) Companies should consider both the current state of cost differences and the future state based on these trends, before they make a sound long-term commitment.
• B) Some decisions may be economically viable based on the current differences but not as much attractive in the future.
• C) An economically viable decision is time-independent.
• D) Options a and b are both correct.

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Definitions:

Significance Level

This represents the threshold below which the p-value of a test statistic must fall for results to be considered statistically significant, thus leading to the rejection of the null hypothesis.

Supermarkets

Large retail market places that sell food and household merchandise.

Customers

Individuals or businesses that purchase goods or services from another entity, providing the revenue stream for the business.

Prejudicial Hiring Practices

Employment practices that unfairly discriminate against candidates based on non-job-related characteristics.