In Response to the MNC Threat,business Groups Are

question 44

Multiple Choice

In response to the MNC threat,business groups are

• A)restructuring around their strongest business and expanding into foreign markets.
• B)expanding horizontally.
• C)lobbying governments to provide them with more subsidies.
• D)None of the above.

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Definitions:

Copper Cartel

An agreement among copper-producing countries or companies to control copper prices and production, often to maintain high prices.

Inelastic Demand

A market situation where the demand for a product does not significantly change with a change in price, indicating consumers’ lesser sensitivity to price changes.

Sub-Markets

Distinct segments within a larger market, often defined by consumers' preferences, product characteristics, or geographical regions.

Dominant Firm

A company that has a large market share in an industry, allowing it to set prices or conditions under which other firms operate.