Which of the Following Statements Is True of Multinational Corporations

question 27

Multiple Choice

Which of the following statements is true of multinational corporations (MNCs) ?

• A)MNCs are government organizations.
• B)MNCs have assets and operations in only the home country.
• C)MNCs deliver products and services across national borders.
• D)MNCs are essentially decentralized.

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Definitions:

Cross Elasticity

A measure of how the demand for one good responds to a change in the price of another good.

Dress Shirts

Garments with a collar, a full-length opening at the front from the collar to the hem, and sleeves with cuffs, typically worn for formal occasions or as part of office attire.

Complementary Goods

Products and services that are used together. When the price of one falls, the demand for the other increases (and conversely).

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in consumers' income.