Which of the Following Is True According to Theodore Levitt's

question 30

Multiple Choice

Which of the following is true according to Theodore Levitt's article in the Harvard Business Review about the globalization of world markets?

• A) Multinational corporations consider the world to consist of distinct and unique entities.
• B) Multinational corporations operate at low relative costs.
• C) Multinational corporations operate from a single country.
• D) Multinational corporations do not adjust their products and practices to suit each country.
• E) Multinational corporations are in danger of losing out to small businesses.

---

Definitions:

Tort Liability

Legal responsibility arising from civil wrongs not arising out of contractual obligations, resulting in harm or injury to another.

Principal

The main party to a transaction, agreement, or contract, often responsible for fulfilling the obligations set within.

Third Persons

Individuals who are not a direct party to a legal agreement or transaction but may be affected by it or have certain rights or obligations related to it.

Consideration

Something of value exchanged between parties in a contract, making the agreement binding and legally enforceable.