Firms That Compete in the Global Marketplace Typically Face Two

question 69

Multiple Choice

Firms that compete in the global marketplace typically face two types of competitive pressures.They face pressures for cost reductions and:

• A) pressures for volume increases
• B) pressures to be locally responsive
• C) pressures to be politically savvy
• D) pressures for price reductions
• E) pressures to reduce costs

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Definitions:

Green Chemistry

The design of chemical processes and products that reduce or eliminate the use and generation of hazardous substances, promoting sustainability.

Enzymes

Enzymes are biological catalysts that speed up chemical reactions in living organisms by lowering the activation energy, thereby playing essential roles in metabolic processes.

Richard Reid

Known as the "Shoe Bomber," a British terrorist who in 2001 attempted to detonate an explosive device hidden in his shoes while on an American Airlines flight.

Explosives

Substances that undergo rapid chemical reactions producing an immense amount of heat and gas, leading to an explosive force.