US Automobile and Consumer Electronics Manufacturers in the 1960s and 1970s

question 11

Multiple Choice

U.S. automobile and consumer electronics manufacturers in the 1960s and 1970s are examples of a(an) :

• A) multicentric orientation.
• B) polycentric orientation.
• C) ethnocentric orientation.
• D) bicentric orientation.
• E) egocentric orientation.

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Definitions:

Chicago School

refers to a school of economic thought that promotes free-market principles and holds that economic freedom leads to economic development.

Traditional Antitrust

Laws and regulations designed to protect trade and commerce from unlawful restraints, monopolies, and unfair business practices.

Primary-Line Injury

Under the Robinson-Patman Act, an injury that occurs when preferential treatment is given to a competitor.

Antitrust Action

Legal proceedings or actions taken by government regulators or private parties to prevent or remedy anti-competitive practices, monopolies, or other violations of antitrust laws.