As a Result of Globalization, Companies Based in Canada with International

question 65

Multiple Choice

As a result of globalization, companies based in Canada with international operations

• A)must cut costs in Canada to remain profitable.
• B)tend to relocate the head office to a jurisdiction where they pay less tax.
• C)relocate employees overseas on a regular basis.
• D)have more than one "official" language.
• E)are often targets for companies wanting to merge and gain access to Canadian markets.

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Definitions:

Perfect Competitor

A theoretical market structure where numerous small firms sell identical products, and no single seller can influence the market price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at different prices.

Marginal Revenue Curve

A graphical representation showing how additional sale of one more unit of a good or service affects the total revenue.

New Firms

Businesses that have been recently established, entering the market to offer goods or services.