The Fact That People Around the World Can Watch MTV,wear

question 60

Multiple Choice

The fact that people around the world can watch MTV,wear Levi's,or eat at Pizza Hut points primarily to ______.

• A)the ability of consumers to buy products or services from firms,regardless of where the firms or the customers are located
• B)economies of scale in production
• C)the increase in global offshoring
• D)the increase in global outsourcing

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Definitions:

New Venture

A business enterprise that has recently been established, characterized by new market offerings and potential for growth.

Risk Taker

An individual or entity that is willing to take on risk in pursuit of reward, often in the context of business or investment.

Private Enterprise

Businesses that are owned and operated by private individuals or groups, rather than being controlled or owned by the government.

Tolerate Ambiguity

Tolerating ambiguity refers to the ability to remain productive and calm when situations are uncertain or unclear.