The global economy is moving towards a world in which national economies are merging into an interdependent global economic system, commonly referred to as globalization.
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Because of the global presence of widely accepted products like Citicorp credit cards, Coca-Cola, and McDonalds, national markets are all but disappearing.
A. TRUE
B. FALSE
The most global markets are the markets for consumer products.
A. TRUE
B. FALSE
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