Which of the Following Would Not Be Considered a Basic

question 31

Multiple Choice

Which of the following would not be considered a basic source of globalization?

• A)Similar customer needs
• B)Falling of trade barriers
• C)Advances in communication technology
• D)Differentiation among countries

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Definitions:

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.

Average Fixed Cost

The fixed cost divided by the quantity of output, representing the fixed cost per unit of output.

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or output in a business.

Variable Costs

Costs that change in proportion to the good or service that a business produces.