The Globalization of Production Has Allowed Firms to

question 31

Multiple Choice

The globalization of production has allowed firms to

• A)increase their market share.
• B)lower their cost structure.
• C)respond to individual market segments.
• D)avoid international competition.
• E)all of these choices.

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Definitions:

Civil Action

A lawsuit brought by one person or entity against another for the purpose of seeking a legal remedy or damages.

Bait and Switch

A deceptive marketing technique where customers are lured by the advertisement of a product at a low price, but are then persuaded to buy a more expensive item.

Reviewable Activity

An action or decision that can be examined and assessed for compliance with certain standards or regulations, often within a legal or professional context.