Adaptability,entrepreneurship and a Strong Reliance on Technology Are Some of the Hallmarks

question 12

Multiple Choice

Adaptability,entrepreneurship and a strong reliance on technology are some of the hallmarks of the _____________________.

• A) larger global hierarchies
• B) multinational corporation
• C) born-global firm
• D) function-based organization

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Definitions:

Competition

The rivalry among businesses or individuals for dominance or a greater share of the market or attention, often leading to innovation and better choices for consumers.

Monopolist

An individual or entity that holds a dominant position or exclusive control over a market or supply of a particular commodity or service.

Market Size

The total volume of sales or potential sales of a product or service within a particular market.

Tying Arrangement

A seller’s act of conditioning the sale of a product or service on the buyer’s agreement to purchase another product or service from the seller.