Cost Reduction Pressures Tend to Be Particularly Intense in Industries

question 137

Multiple Choice

Cost reduction pressures tend to be particularly intense in industries that:

• A)create products that serve universal needs.
• B)create customized products.
• C)are not involved in international business.
• D)produce products that have inelastic demanD.

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Definitions:

Around the World

Often used to describe a global perspective or actions occurring in various parts of the globe.

Cyberdeviance

Cyberdeviance involves behaviors that violate societal norms and occur primarily through digital means or on the internet.

Global Perspective

The ability to understand, analyze, and appreciate the complex interconnectedness of the world and its diverse cultures, economies, and geopolitical issues.

Borderless

Characterizing a world or space where traditional boundaries, be they physical or metaphorical, are transcended, promoting a sense of global unity.