An Understanding of the Macro Aspects of Globalisation Is Essential

question 54

Multiple Choice

An understanding of the macro aspects of globalisation is essential because it:

• A)Enables an assessment of the likelihood that the local government might engage in defensive or offensive intervention
• B)Sensitises managers to how such globalisation efforts might be perceived at the local level
• C)Provides firms with a deeper understanding of their product strengths and weaknesses
• D)All of the above
• E)Options A and B only

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Definitions:

Reliable

Capable of being trusted or depended upon; consistent in performance or outcome.

Correlation Coefficient

A numerical indicator showing the degree to which multiple variables co-vary.

Cause-and-Effect Relationship

A connection between two events where one event (cause) leads to the outcome of another event (effect).

Sampling Bias

A distortion in the outcome of a study due to the method in which samples are collected, resulting in a non-representative sample of the population.