The _____ View of Global Business Focuses on External Factors

question 33

Multiple Choice

The _____ view of global business focuses on external factors that affect a firm's performance.

• A) resource-based 
• B) asset-based 
• C) capability-based 
• D) institution-based

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Definitions:

Movie Theaters

Places where films are shown publicly for entertainment, typically featuring large screens and a ticket-based entry.

Normal Goods

Goods for which demand increases as the income of consumers increases, and falls when income decreases.

Income Elasticity of Demand

An indicator showing the responsiveness of the amount of a product that customers want to buy to variations in their income levels.

Inferior Goods

Products whose demand decreases as the income of the consumer increases, often because consumers opt for higher quality alternatives when they can afford them.