Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations.
b. It develops joint ventures with foreign firms.
c. It owns and operates production facilities in more than one country.
d. It employs agents in various countries to sell their products abroad.
e. It holds patents on its products and services.
c
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The market demand curve is derived by:
a. studying an individual's demand for a product over a year. b. comparing the monthly consumption of a group of people. c. surveying a set of consumers and ascertaining their preferences. d. adding up the quantities that consumers in a market are willing and able to purchase at each price. e. calculating the average price a random sample of consumers are willing to pay for a product.
Can the U.S. federal government go broke as a result of a large national debt?
What will be an ideal response?
The successful commercial introduction of a new product, the use of a new method, or the creation of a new form of business enterprise is called:
A. innovation. B. invention. C. creative destruction. D. diffusion.
The Federal Trade Commission regulates which of the following?
A) unfair trade practices by businesses B) financial markets C) trade with third world countries D) the banking industry