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Companies That Sell Basic Necessities Face the Highest Levels of Business

question 139

True/False

Companies that sell basic necessities face the highest levels of business risk because consumers will price shop aggressively for items they purchase on a regular basis.


Definitions:

Evolution

The gradual development or change of something over a period.

Free Trade

The absence of tariffs, quotas, and other restrictive regulations between countries to encourage unrestricted exchange of goods and services.

Remittances

Money sent by individuals working abroad to family members or others in their home country.

Transnational Hybrid

A business model combing elements from multiple cultural or legal frameworks, operating across national borders.

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