Globalization, the Development of an Increasingly Integrated Global Economy, Has

question 36

Multiple Choice

Globalization, the development of an increasingly integrated global economy, has sweeping and increasing influence on power distribution. This trend has implications in which of the following?

• A) Economic system
• B) Government
• C) Culture
• D) All of these

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Definitions:

Acquiring Firm

A firm that acquires or gains control over another business by means of a merger, acquisition, or takeover.

Parent

The controlling company in a group of companies, which owns a controlling interest in one or more subsidiaries.

Vertical Merger

A business strategy where a company merges with another company that operates in the same industry but at a different stage of the production process.

Supplier-Customer Relationships

The interactions and transactions between a provider of goods or services and the entity that purchases them.