Growth of Global Business as a Critical Element in the World

question 12

Multiple Choice

Growth of global business as a critical element in the world economy is known as:

• A) legitimization.
• B) internationalization.
• C) market awareness.
• D) multinationalism.

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.

Income

Payments received, on an ongoing basis, as a result of employment or investment yields.

Normal Good

A good for which demand increases as consumer income rises, and decreases as consumer income falls.

Income

The money received by individuals or entities, typically in exchange for providing labor, selling goods, or making investments.