An Advantage of Internationalizing Can Be

question 7

Multiple Choice

An advantage of internationalizing can be

• A)to learn from the fiercest competition or most demanding customers in the world.
• B)to drive the fiercest competitors in the world into bankruptcy.
• C)to teach the most demanding customers in the world a lesson.
• D)a and b.

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Definitions:

Market Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output of the good all suppliers are willing and able to produce, holding other factors constant.

Supply Reduction

Actions or policies designed to decrease the amount of goods or services available in the market.

Minimum Wage Laws

Regulations established by governments that set the lowest hourly wage rate that employers can legally pay their workers.

Employers

Employers are individuals or organizations that hire and pay people to perform specific jobs.