As Communications Improve and People Around the World Are Able

question 47

Multiple Choice

As communications improve and people around the world are able to witness the horrors of natural disasters,terrorism,and war,international relief efforts by corporations are becoming:

• A) Less important.
• B) More important.
• C) Obsolete because of social media.
• D) A liability because of negative media.

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Definitions:

R&D

Stands for Research and Development; it is the investigative work a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Differentiate Products

To differentiate products means to make them distinct from competitors' offerings through unique features, quality, or branding, to attract specific customer segments.

Pure Competitors

Firms within a market where numerous sellers offer highly similar products, ensuring no single company has control over the market price.

R&D

Research and Development, which refers to the activities companies undertake to innovate and introduce new products or services.