Which of the Following Is Not One of the Issues

question 6

Multiple Choice

Which of the following is not one of the issues with global business?

• A) Flying IT specialists into remote sites is costly
• B) Sheer physical distances covering the globe make it difficult to operate local businesses
• C) Communicating in real time across the globe's 24 time zones is challenging
• D) Finding quality telecommunication services in every country is difficult

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Definitions:

Economic Rent

Any payment to a resource provider or seller of output in excess of the economic cost (opportunity cost) of providing that resource or output.

Economic Rent

The extra income earned by a resource over and above its opportunity cost, often due to natural advantages or market conditions.

Inelastic Demand Curve

Represents a situation where the demand for a product changes by a smaller percentage than changes in its price, indicating consumers' insensitivity to price changes.