Which of the Following Is the Most Common Reactive Reason

question 45

Multiple Choice

Which of the following is the most common reactive reason for a firm to extend its operations overseas?

• A) tax incentives
• B) economies of scale
• C) globalization of competitors
• D) research and development needs

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Definitions:

Leisure Time

Time that an individual can spend at their own discretion, not occupied by work or domestic responsibilities.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with less costly alternatives.

Higher Wage

Refers to an increase in the amount of money that an employee receives for performing one hour or another standard unit of work.

Leisure Time

Free time that an individual can spend away from work, chores, and other compulsory activities, often used for relaxation or hobbies.