Caterpillar and Texas Instruments Are Two Firms That Have Benefited

question 84

Multiple Choice

Caterpillar and Texas Instruments are two firms that have benefited from the use of

• A) the multidomestic strategy option.
• B) the transdomestic corporation strategy.
• C) the transnational strategy option.
• D) the maquiladora system in Europe.
• E) the global strategy option.

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Definitions:

Economic Growth

Economic growth is the increase in the market value of the goods and services produced by an economy over time, typically measured as the percent rate of increase in real gross domestic product (GDP).

British Colony

A territory under the political control of the United Kingdom, often established overseas during the British Empire's expansion.

Eighteenth Century

A period of time from January 1, 1701, to December 31, 1800, which is notable for significant breakthroughs in various fields including the Enlightenment and the Industrial Revolution.

Electricity

A form of energy resulting from the existence of charged particles, used for power, lighting, and various other applications.