Which Economist Is Credited with Originating the Use of Supply

question 35

Multiple Choice

Which economist is credited with originating the use of supply and demand analysis?

• A) Vernon Smith
• B) Adam Smith
• C) Alfred Marshall
• D) John Maynard Keynes

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Definitions:

Global Integration

The process of designing and implementing strategies to operate efficiently and effectively across geographical borders and cultural differences.

Corporate Culture

The shared values, beliefs, ethics, and practices that characterize an organization and guide its employees.

Evolving Local Market

Refers to a local market that is experiencing changes or developments due to various factors such as economic conditions, consumer preferences, or technological advancements.

Intracultural Variation

An understanding of differences within a nation and the ability to identify local preferences that are irrelevant for global companies.