L'Oreal Acquired Two U

question 83

Multiple Choice

L'Oreal acquired two U.S.firms that developed and sold hair care products to African-American customers.This permitted it to build a new ethnic hair care division in Europe and Africa.This represents an advantage of international expansion using

• A) arbitrage.
• B) optimization of the location of value-chain activities.
• C) performance enhancement.
• D) learning opportunities.

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Definitions:

Ornamental Pond

a water feature designed for aesthetic purposes, often found in gardens or landscapes.

Social Cost

The total cost to society, including both private costs borne by individuals and external costs borne by others not involved in a transaction.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, including natural, built, and social components.

Pollution

The contamination of the natural environment with harmful substances, resulting in adverse effects on ecosystems and human health.