According to the Integration-Responsiveness (IR)grid,consumer Electronics and Corporate Banking Are

question 62

Multiple Choice

According to the integration-responsiveness (IR) grid,consumer electronics and corporate banking are two types of industries with ________ industry pressure for global integration and ________ industry pressure for local responsiveness.

• A) low; low
• B) high; high
• C) low; high
• D) high; low

---

Definitions:

Marginal Product

The additional output resulting from the use of one more unit of a productive input, holding other inputs constant.

Production Function

An equation that describes the maximum output of a good achieved from a given number of inputs.

Input

The inputs such as labor, materials, or resources utilized in creating products and services.

Convexity

In economics and finance, convexity refers to the shape of the curve that demonstrates how the duration of a bond changes as the interest rate changes.