One Study from the United Kingdom (Cited in the Textbook)showed

question 9

Multiple Choice

One study from the United Kingdom (cited in the textbook) showed that almost ______ times as many firms that faced global competition reported innovations in product or process compared to firms that did not face global competition.

• A)three
• B)six
• C)nine
• D)twelve

---

Definitions:

Property, Plant, and Equipment

Long-term tangible assets used in the operation of a business, such as buildings, machinery, and equipment.

Raw Material

Basic materials used in the production process, which are transformed into finished goods through the manufacturing process.

Fixed Overhead

Expenses that do not vary with production volume, including rent, salaries, and insurance.

Property, Plant, and Equipment

Long-term assets used in the operations of a business, not intended for sale.