Which of the Following Is a Statement Made by Theodore

question 98

Multiple Choice

Which of the following is a statement made by Theodore Levitt about the globalization of world markets?

• A)Capitalism is the force that drives the world toward a converging commonality.
• B)Global corporations consider the world to consist of distinct and unique entities.
• C)Accustomed differences in national or regional preferences are becoming more significant.
• D)Multinational corporations are in danger of losing out to small businesses.
• E)Global markets for standardized consumer products have emerged on a large scale of magnitude.

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Definitions:

Investment Turnover

A ratio that measures the efficiency of a company’s use of its assets in generating sales or revenue; the ratio of net sales to average total assets.

Transfer Prices

Prices charged for the selling of goods and services between subsidiaries or divisions within the same company.

Variable Cost

Expenses that change in proportion to the level of production or business activity.

Negotiation

A strategic discussion that resolves an issue in a way that both parties find acceptable, often used in business to finalize deals, terms, and prices.