Which of the Following Is Usually Found in the Final

question 14

Multiple Choice

Which of the following is usually found in the final stage of an organization's global evolution?

• A)exporting products to other countries
• B)outsourcing jobs to foreign countries
• C)establishing strategic alliances with partners
• D)licensing products in foreign countries

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Definitions:

Long-Run Curve

The graphical representation in economics of the relationship between output and input when all inputs are variable, showing potential economies of scale.

Marginal-Cost Curve

A graph that displays the cost of producing one additional unit of a good or service.

Average-Total-Cost Curve

A graph that displays the mean total cost of manufacturing across various output quantities, generally characterized by a U-shape because of the effects of economies and diseconomies of scale.

Long-Run Time Period

A duration in economics where all factors of production and costs are variable, allowing for complete adjustment.