According to Your Text,____ Are Small Technology-Based Firms Operating in International

question 78

Multiple Choice

According to your text,____ are small technology-based firms operating in international markets within two years of their establishment and realizing as much as 70 percent of their sales outside the domestic home market.

• A)"natural globals"
• B)"multinational corporations"
• C)"born globals"
• D)"born multinationals"
• E)"multinational enterprises"

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Definitions:

Linear Supply

A supply relationship showing a direct, constant increase in quantity supplied as price increases.

Free Market Equilibrium

A state in an economy where supply meets demand naturally without intervention, and prices are determined by free market forces.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in a market.

Consumers Gain

The benefit or surplus that consumers receive from purchasing goods and services at a price lower than their maximum willingness to pay.