The Globalization of Production Has Allowed Firms to

question 50

Multiple Choice

The globalization of production has allowed firms to

• A) increase their market share.
• B) lower their cost structure.
• C) respond to individual market segments.
• D) avoid international competition.
• E) meet all of these goals.

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Definitions:

Consistent

Exhibiting a uniform, steady, and unchanged character or performance over time.

Inconsistent

Lacking coherence or uniformity in action, values, or principles, often leading to confusion or unpredictability.

Search Properties

Qualities of a product or service that are assessable prior to buying, like its color, style, or cost.

Experience Properties

Characteristics of a product or service that can only be discerned after purchase or during consumption.