Which of the Following Statements Accurately Expresses Evidence That Globalization

question 15

Multiple Choice

Which of the following statements accurately expresses evidence that globalization does not encourage a "race to the bottom" in labor standards?

• A) The wages paid by multinational firms to their poor countries' subsidiaries are higher than the wages paid in rich countries.
• B) Poor countries that participate in globalization have quickly become rich.
• C) Multinational firms tend to pay higher wages than local firms, but they tend to provide lower benefits than existed in the country prior to globalization.
• D) Multinational firms must sign contracts with the IMF stating that they will offer exceptional worker benefits.
• E) Multinational firms tend to pay higher wages than local firms and tend to provide greater benefits for workers than existed in the country prior to globalization.

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Definitions:

Sales Era

describes a historical period in marketing where the primary focus was on selling and pushing products to consumers, regardless of their needs or desires.

Marketing Era

A period in the history of business development when the focus shifted towards identifying and meeting the needs and wants of consumers, emphasizing marketing strategies.

Production Era

A period in business history when the focus was primarily on manufacturing and the efficiency of production processes.

Convenience Store

is a small retail establishment that stocks a range of everyday items such as groceries, snack foods, and over-the-counter drugs, known for its extended operating hours.