Quidpro,a Food and Beverage Company Based in Germany,gets Most of Its

question 35

Multiple Choice

Quidpro,a food and beverage company based in Germany,gets most of its sales from outside its home country.Its employees are spread all over the world.The CEO is Belgian,the chairman was born in Austria,and more than half of the company's managers are non-Germans.The company has hundreds of brands and has production facilities or other operations in almost every country in the world.Quidpro is in the _____ stage of international development.

• A)multinational
• B)international
• C)domestic
• D)global

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Definitions:

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they place on it.

Consumer Surplus

The discrepancy in the total charges consumers are prepared and economically able to bear for a good or service, and the charges they actually bear.

Willingness to Pay

The maximum amount an individual is prepared to spend for a good or service, reflecting the value they assign to it.

Consumer Surplus

The difference as marked by what consumers are prepared to spend on a good or service versus the actual payment made.