Swiss-Based Nestlé and Netherlands-Based Unilever Are Two of the World's

question 77

Multiple Choice

Swiss-based Nestlé and Netherlands-based Unilever are two of the world's largest consumer-product companies as a result of:

• A)the favourable climatic conditions prevailing in the countries.
• B)the large population existing in these countries.
• C)the intense competition they face from domestic companies.
• D)their ability to market their brands to consumers around the world.
• E)their concentration on domestic markets and minimal expansion to international markets.

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Definitions:

Command Systems

Economic systems where the government controls key sectors of the economy, determining what goods are produced, their prices, and distribution.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest leads to the benefit of society at large.

Adam Smith

An 18th-century Scottish economist known as the father of modern economics, best remembered for his theory of the invisible hand.