One of the Goals of Globalization Is to Reduce Costs

question 9

Multiple Choice

One of the goals of globalization is to reduce costs by:

• A) charging a lot more for product sold.
• B) using a skimming technique of increasing prices for brand name merchandise.
• C) collecting unnecessary surplus and dumping it in receptive markets.
• D) reducing costs by pooling production or exploiting factor costs or capabilities.

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Definitions:

Quit Smoking

The process of stopping the habit of inhaling smoke from burning tobacco products.

Smokers

Individuals who habitually inhale smoke from substances such as tobacco, often leading to dependence and health risks.

Quit

To stop or discontinue an action or habit, often referring to the cessation of harmful behaviors like smoking.

Abstinence Violation Effect

A psychological phenomenon where a person who has committed to abstaining from a certain behavior, such as drug use or overeating, perceives a lapse as a major failure, which may lead to continued behavior.