Global Business Is Defined As_________

question 78

Multiple Choice

Global business is defined as_________ .

• A) the buying and selling of goods and services to people from different countries
• B) includes any sale of goods and services
• C) only involves companies with more than 50 employees
• D) refers to sales made to people from different cultures, different regions, and different nations
• E) is unregulated

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Definitions:

Marginal Revenue

The additional revenue that is gained from selling one more unit of a product or service.

Marginal Cost

Expenses incurred from making one more unit of a product or service.

Average Revenue

The mean amount of money earned per unit sold, calculated by dividing the total revenue by the quantity of units sold.

Marginal Revenue

The additional income gained from selling one more unit of a product.