By Adopting the Concept of the 'Globally Networked Business Enterprise

question 60

Multiple Choice

By adopting the concept of the 'globally networked business enterprise', many firms are able to improve their business success through the key areas of:

• A) e-learning.
• B) customer support.
• C) e-commerce.
• D) options A, B and C.
• E) options A and B only.

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Definitions:

Imports

Goods or services brought into one country from another for the purpose of sale.

Comparative Advantage

A principle that states a country should produce goods and services at a lower opportunity cost than its trade partners.

Monetary Cost

The total amount of money that is spent in order to purchase goods or services.

Resources

Inputs or assets used in the production of goods and services, including labor, capital, and natural materials.