Globalization Has Significantly Reduced the Complexity of the Business Environment

question 67

True/False

Globalization has significantly reduced the complexity of the business environment.For example,companies can find suppliers and customers in many countries where materials are cheaper,which reduces competition and complexity.

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Definitions:

Implied Warranty Of Trade Usage

An assurance, inferred in the context of certain UCC sales, depending on the circumstances, that can be created through a well-accepted course of dealing or trade usage.

Soda Pop

A sweetened carbonated beverage, commonly known as soda or soft drink.

Cartons

Containers or boxes, typically made from cardboard or plastic, used for transporting or storing goods.

Crisis Management

The process by which a business or organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders.