Which of the Following Is an Effect of Globalization Described

question 7

Multiple Choice

Which of the following is an effect of globalization described by the authors?

• A) shorter international flight times
• B) greater numbers of people using public transportation
• C) a drought in one part of the world driving up commodity prices elsewhere
• D) more foreign made automobiles in the U.S. market

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Definitions:

Value

The importance, worth, or usefulness of something, often in terms of monetary worth.

Price

The amount of money required to purchase a good or service.

Price Lining

Grouping product prices into ranges, such as low-, medium-, and high-priced items.

Pricing Tactic

Strategic approaches used to set prices for products or services to achieve business objectives.