Which of the Following Features Is Exempt from Market and Industrial

question 69

Multiple Choice

Which of the following features is exempt from market and industrial characteristics which tend to trigger global integration?

• A) Customer needs tend to be the same or similar across borders or require relatively low responsiveness.
• B) Major competitors are few but global.
• C) Economy of scale is essential to global success.
• D) none of the above

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Definitions:

Unitary-elastic

A demand or supply situation where the percentage change in quantity demanded or supplied is exactly equal to the percentage change in price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Profit

The financial gain made by a business when revenue exceeds expenses.

Relationship

A connection, association, or involvement between two or more parties, often referring to interpersonal or business contexts.