If the Production Technology Is Very Inflexible and Product Requirements

question 27

Multiple Choice

If the production technology is very inflexible and product requirements vary from one country to another,a firm has to set up

• A)local facilities to serve the market in each country.
• B)a few high-capacity facilities to serve the market in each country.
• C)many local facilities because this helps lower transportation costs.
• D)a few high-capacity facilities because this helps lower transportation costs.

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Definitions:

Outstanding Deposit

A credit that hasn’t yet been recorded by the bank.

Bank Statement

A financial document provided by a bank detailing the account's transactions and balance over a specific time period.

Check Register

A record-keeping tool for tracking all checks written, deposits made, and balances in a checking account, aiding in financial management.

Outstanding Deposits

Funds that have been submitted for deposit but have not yet been processed or credited to the account.