Globalization of Business Leads to ________

question 83

Multiple Choice

Globalization of business leads to ________.

• A) increase in cost of production
• B) lower profit margins
• C) high pricing power for companies
• D) more choices for customers

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Definitions:

Cognition

The cognitive activity of gaining knowledge and comprehension via thinking, experiencing, and sensory input.

Concepts

Mental categories that group objects, events, or ideas based on shared properties or characteristics.

Classes

Categories or groups of things or people with shared characteristics or purposes, often used in the context of education or social status.

Attributes

Characteristics or qualities that describe an object, person, or other entity.