Theodore Levitt Maintains That the Existence of Truly Global Markets

question 42

Multiple Choice

Theodore Levitt maintains that the existence of truly global markets demands a new type of corporation.He believes the _______ corporation has replaced the _______ corporation as the most effective international competitor.

• A)multinational,global
• B)global,multinational
• C)international,domestic
• D)global,colonial

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of the company.

Inventory

The total value of a company's raw materials, work-in-progress, and finished goods that are considered assets on a balance sheet.

Account Receivable

Amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of a business.