Which of the Following Statements Is True of a Company

question 10

Multiple Choice

Which of the following statements is true of a company that is in the second stage of global business?

• A)It maintains a virtual executive suite.
• B)It sets up foreign subsidiaries to handle sales in one country.
• C)It runs its business entirely through the Internet.
• D)It bases its entire operations in its home country.

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Definitions:

Producing

The process of creating goods or services by combining various elements or resources.

Boots

Footwear that covers not only the feet but also the ankles and sometimes extends up to the knees or higher, designed for protection, style, or both.

Pairs

Pairs are sets of two items or entities considered together, often because they are related or function together.

Cost Curve

A graphical representation showing how the cost of producing a good varies with the level of output.