Which of These Is a Company That Operates Production And/or

question 41

Multiple Choice

Which of these is a company that operates production and/or sales facilities in multiple countries?

• A) World trade corporation
• B) Multinational corporation
• C) Free trade corporation
• D) Managed-floating corporation

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Definitions:

Close Substitutes

Products or services that can easily replace one another in usage or consumption.

Demand Curves

Graphs showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.

Demand

The quantity of a product or service consumers are willing and able to purchase at various price levels.