Which of the Following Is NOT One of the Conditions

question 16

Multiple Choice

Which of the following is NOT one of the conditions that fixed-capacity firms may face?

• A)Excess capacity.
• B)Demand exceeds desired capacity.
• C)Demand and supply are well-balanced.
• D)Ideal demand exceeds capacity.
• E)Excess demand.

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Definitions:

International Business

encompasses all commercial transactions, both governmental and private, between parties of different countries, involving exports, imports, and foreign direct investment.

Lower-cost Labour

Employment of workers at relatively lower wages, usually in contexts where labor costs significantly impact production expenses.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture over others.

Intercultural Competencies

Skills and personal characteristics that help achieve success in cross-cultural situations.