The Ability of a Firm to Adjust to a Culture

question 66

Short Answer

The ability of a firm to adjust to a culture different from it own is referred to as _________.

---

Definitions:

Disposable Income

The total amount of money available for an individual or household to spend or save after income taxes have been deducted.

MPS

The marginal propensity to save, indicating the proportion of additional income that a household saves rather than spends on consumer goods.

C

In economic formulas, "C" typically represents consumption spending by households.

Consumers

Individuals or households that purchase goods and services for personal use.