When the Pressure for Coordination Is Strong and the Pressure

question 100

Multiple Choice

When the pressure for coordination is strong and the pressure for local responsiveness is weak for multi-national corporations within a particular industry,the industry will tend to become

• A) global.
• B) consolidated.
• C) multi-domestic.
• D) risky.
• E) indigenous.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in a given year in real terms.

Nominal GDP

The total market value of all goods and services produced within a country’s borders in a given period without adjusting for inflation.

Short Run

In economics, the short run is a period in which at least one input, like equipment or labor, is fixed and cannot be changed, influencing decision-making and production levels.

Aggregate Quantity Supplied

The total amount of goods and services that producers are willing and able to supply at a given price level in an economy.