If Headquarters Tells Its Foreign Subsidiaries What to Do and Solicits

question 93

Multiple Choice

If headquarters tells its foreign subsidiaries what to do and solicits little input,it is said to be

• A)ethnocentric.
• B)multinational.
• C)polycentric.
• D)geocentric.

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Definitions:

Cross-Price Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good.

Demand

The amount of a good or service that consumers are willing and able to buy at a given price over a specified period.

Cross-Price Elasticity

A measure of how the demand for one product changes in response to a price change of another product.

Cereal

Grasses cultivated for the edible components of their grain, consisting of the endosperm, germ, and bran; also a common breakfast food made from processed grain.