Which of the Following Terms Refers to the Ability to Recognize

question 76

Multiple Choice

Which of the following terms refers to the ability to recognize global market opportunities for a company and having a vision of doing business worldwide?

• A) intercultural awareness
• B) global business savvy
• C) global mindset
• D) cultural savvy

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Definitions:

Opportunity Cost

Represents the value of the best alternative that is forgone when a decision is made.

Unit(s)

The fundamental measurement or quantity of a good, service, or economic variable used as a standard or baseline for transactions, assessments, or calculations.

Toys

Objects designed for play or amusement, often targeted towards children.

Heckscher-Ohlin Model

A model in international trade theory that explains patterns of trade between countries based on their differences in factor endowments.