Operating in a Global Marketplace Is Considered More Complex Because

question 96

Multiple Choice

Operating in a global marketplace is considered more complex because

• A)managers must compete with cost-efficient overseas competitors.
• B)the lessening of trade barriers has presented many opportunities in previously protected markets.
• C)many overseas competitors operate with greater economies of scale.
• D)of varying cultures and coordination of globally dispersed operations.
• E)international management is relatively risk-free as compared to domestic management.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.