The most global markets are the markets for consumer products.
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Although many companies have lowered their overall cost structure and have improved the quality of their products by dispersing their production activities to locations around the world, this activity is confined primarily to large firms.
A. TRUE
B. FALSE
Foreign direct investment occurs when a firm exports goods or services to consumers in another country.
A. TRUE
B. FALSE
International trade occurs when a firm invests resources in business activities outside its home country.
A. TRUE
B. FALSE
One concern associated with globalization is that free trade may encourage firms from advanced nations to move manufacturing facilities offshore to less developed countries that lack adequate regulations to protect labor and the environment by abuse by the unscrupulous.
A. TRUE
B. FALSE