A traditional market B emerging market C feudal market D virtual market Answer

A traditional market b emerging market c feudal

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A) traditional marketB) emerging marketC) feudal marketD) virtual marketAnswer: BAACSB: Dynamics of the global economySkill: ApplicationObjective: 2Difficulty: EasyCourse LO: Define the fundamental concepts of international business12
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47) The population of a(n) ________ market is mostly rural and is characterized by poor infrastructure with little credit or collateral. BAACSB: Dynamics of the global economySkill: ConceptObjective: 2Difficulty: EasyCourse LO: Define the fundamental concepts of international business 48) Kireki is a small country with a corrupt government. Its population is rural for most part and citizens have few or no legal rights. Which of the following is the type of market featured in Kireki? BAACSB: Dynamics of the global economySkill: ApplicationObjective: 2Difficulty: HardCourse LO: Define the fundamental concepts of international business 49) ________ is defined as the dispersal of production activities to locations that help a companyachieve its cost-minimization or quality-maximization objectives for a good or service. BAACSB: Dynamics of the global economySkill: ConceptObjective: 2Difficulty: EasyCourse LO: Define the fundamental concepts of international business 13
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50) Which of the following is an example of globalization of production? A) Canadian consumers who import food products from AustraliaB) A German company which sells car components to British car makersC) A U.S. company that builds a computer hardware manufacturing facility in IndiaD) A Swiss watch manufacturer that builds a manufacturing facility in SwitzerlandAnswer: CAACSB: Dynamics of the global economySkill: ApplicationObjective: 2Difficulty: HardCourse LO: Define the fundamental concepts of international business 51) Whereas relocating production to low-cost locales traditionally meant production of goods almost exclusively, it increasingly applies to the production of ________. CAACSB: Dynamics of the global economySkill: ConceptObjective: 2Difficulty: EasyCourse LO: Define the fundamental concepts of international business 52) Two major forces that underlie the expansion of globalization are falling barriers to trade andinvestment, and ________. DAACSB: Use of information technologySkill: ConceptObjective: 3Difficulty: EasyCourse LO: Define the fundamental concepts of international business 14
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53) As former competitors in many industries link up to challenge others on a worldwide basis, ________ occurs.
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