An Unplanned Business Opportunity That Arises as a Result of Another

question 56

Multiple Choice

An unplanned business opportunity that arises as a result of another firm's activities is known as:

• A)Born global
• B)Cross-marketing activities
• C)Export management companies
• D)Unsolicited orders
• E)Indirect involvements

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Definitions:

Equilibrium Price

The price in the market where the amount of products provided matches the amount of products wanted.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Supply

The overall quantity of a product or service accessible to buyers.

Inverse Supply Curve

A representation of the relationship between the price of a good and its supply, showing how quantity supplied decreases as price decreases, contrary to the typical direct supply relationship.