Which of the Following Is True According to Theodore Levitt's

question 68

Multiple Choice

Which of the following is true according to Theodore Levitt's article in the Harvard Business Review about the globalization of world markets?

• A)Global corporations consider the world to consist of distinct and unique entities.
• B)Global corporations operate at low relative costs.
• C)Global corporations operate from a single country.
• D)Global corporations adjust their products and practices to suit each country.
• E)Global corporations are in danger of losing out to small businesses.

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Definitions:

Inputs

Resources used in the process of production, including labor, materials, and capital.

Derived Demand

Derived demand occurs for a factor of production when the demand for another good or service drives it, such as the demand for raw materials increasing due to higher demand for the final product.

Factor of Production

An economic resource used in the production of goods and services, including labor, capital, land, and entrepreneurship.

Market

A group of buyers and sellers of a particular good or service.