Which of the Following Is True Regarding the Impact of Global

question 43

Multiple Choice

Which of the following is true regarding the impact of global competition on the business activities in the marketplace?

• A) It has shifted the focus in the marketplace from a consumer's market to a seller's market.
• B) It has improved the financial position of domestic industries.
• C) It has put more power in the hands of the customer.
• D) It has shifted the focus away from the performance quality of a product.
• E) It has limited the choices of the consumers.

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Definitions:

Land

The surface of the earth not covered by water, considered as property and a natural resource used for agriculture, building, and habitation.

Reconstruction

The period after the Civil War (1865-1877) in the United States when the southern states were reorganized and reintegrated into the Union.

1873 Depression

A severe economic downturn that began in 1873, known as the Long Depression, characterized by widespread bank failures, unemployment, and a slowdown in industrial production.

North's Resolve

Refers to the determination and steadfastness of the Northern states during the American Civil War in their commitment to restore the Union and end slavery.