Which of the Following Is NOT a Likely Reason to Study

question 57

Multiple Choice

Which of the following is NOT a likely reason to study international business?

• A) Global events affect almost all companies.
• B) Differences among countries in physical, social, and competitive conditions may cause companies to alter their operating methods from country to country.
• C) Business conducted outside the confines of any one country is inexplicably on the decline.
• D) Firms may be better able to obtain better or less expensive resources by operating internationally.

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Definitions:

Least Costly Way

Refers to a method or strategy that aims to achieve a particular goal or produce a specific outcome with the minimum possible expense or use of resources.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to income elasticity.

Demand

The amount of a product or service that consumers are prepared and capable of buying at different price levels over a specific time frame.