MNCs Should Not Only Be Cost Competitive but Also Be

question 36

True/False

MNCs should not only be cost competitive but also be capable of delivering products that satisfy the needs and preferences of local customers, which often differ from one country or region to another.

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Definitions:

Stock Prices

Stock Prices represent the cost of purchasing a share of ownership in a company, reflecting the company's current value as determined by buyers and sellers in the market.

Short-Run Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a short time period, given the current level of prices.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, leading to a situation where firms in a competitive market produce output at the lowest possible cost per unit.

Taxes

Mandatory payments made to the government, taken from individuals' earnings and company gains, or included in the prices of certain products, services, and dealings.