Which of the Following Is an Advantage to Engaging in Business

question 119

Multiple Choice

Which of the following is an advantage to engaging in business globally?

• A) Businesses have entirely new markets in which to sell their products
• B) The cost of labor is higher overseas
• C) There are cultural challenges in international business
• D) All of the responses are correct

---

Definitions:

Multinational Conglomerate

A large corporation that owns a variety of companies in different industries and countries.

International Management

The practice of managing businesses operations across different countries, taking into consideration cultural, legal, and economic differences.

Personnel Synergy

The increased effectiveness that results when a group of individuals work together compared to when they work independently.

Market Synergy

The collaboration between businesses or individuals in the marketplace to enhance their collective performance or create a more valuable outcome than could be achieved individually.