Which of the Following Is NOT Meant When We Say

question 1

Multiple Choice

Which of the following is NOT meant when we say reaction time improves?

• A) The reaction is faster.
• B) The reaction time is decreasing.
• C) The time between stimulus and response is shorter.
• D) The stimulus and response exchange ability is expanded.

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Definitions:

Global and Local Advantages

The benefits that companies gain by leveraging both global standardization to achieve efficiency and local adaptation to meet specific market needs.

Meganational Approach

A strategy by businesses to operate on a global scale, emphasizing uniformity in products and services across countries to exploit economies of scale.

Value Chain

A series of activities that a company performs to create value for its customers, from product design to post-sale service.

Location Economies

The cost advantages gained by a business due to its geographical position, often influencing its competitiveness.