Examlex
Which of the following best describes business globalization?
Marginal Cost
The change in overall cost resulting from the production of an additional unit.
Marginal Benefit
The gain in satisfaction or usefulness from consuming or producing a further unit of a good or service.
Rational Choice
A theory in economics and sociology that states individuals choose the most advantageous option considering the costs and benefits.
Best Use
The most efficient or effective utilization of a resource or asset in order to achieve the desired result or maximum value.
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