The Tendency of Firms to Expand Their Operations Around the World

question 28

Multiple Choice

The tendency of firms to expand their operations around the world is known as

• A) cultural diversity.
• B) globalization.
• C) international marketing.
• D) product diversification.
• E) domestication.

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Definitions:

Futures Contracts

Agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specific time in the future.

Profit (Loss)

The financial result of a company's operations and activities, determined by subtracting total expenses from total revenues over a given period.

Ounce

An ounce is a unit of weight commonly used in the United States and Britain, equivalent to 1/16 of a pound or about 28.35 grams.

Pounds

A unit of weight commonly used in the United States, equivalent to 0.453592 kilograms, or a British currency (GBP).