Why Must Canadian Organizations Be Cognizant of the Influences of Globalization

question 15

Multiple Choice

Why must Canadian organizations be cognizant of the influences of globalization when considering recruitment and selection

• A)Globalization affects the pricing strategies for goods and services.
• B)Globalization creates higher trade barriers for entry.
• C)Globalization demonstrates that best practices for staffing are necessary.
• D)Globalization threatens the survival of domestic retailers.

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Definitions:

Break-even Analysis

A calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, indicating no net loss or gain.

Cost-plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's unit cost.

Product Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.

Inelastic Demand

A situation in which the demand for a product or service is relatively unaffected by changes in price.