All Global New Ventures Share Two Common Factors

question 72

Multiple Choice

All global new ventures share two common factors. One is the bringing of a good or service to several different foreign markets at the same time. The other is __________.

• A) the development of culturally-specific implementation policies
• B) the use of local adaptation strategy
• C) a mechanistic organizational culture
• D) the ability to respond quickly and efficiently to any changes in the external environment
• E) none of these

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Definitions:

Price Level

An index indicating the general pricing trends in an economy, reflecting the cost living and purchasing power.

Aggregate Output

A composite measure of all final goods and services produced in an economy during a given period; real GDP.

Aggregate Demand Curve

A curve that shows the relationship between the overall price level and the total demand for all goods and services in an economy.

Nominal Income

The total amount of money earned by an individual or entity before adjustments for inflation or deflation.