General Electric Would Be Considered a Multinational Enterprise Because It

question 3

True/False

General Electric would be considered a multinational enterprise because it sources, markets, and produces its goods in several countries.

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Definitions:

Internalizing

The process of absorbing or taking in information, values, or costs, often used when discussing the incorporation of external costs into market prices.

Externality

An economic effect of a transaction that affects third parties who did not choose to be involved in the transaction.

Externality

An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer.

Market Exchange

The process through which goods, services, or assets are traded between buyers and sellers at a determined price.