What is a difference between an international firm and a multinational firm?
A) Multinational firms design, produce, and market products in many nations, whereas international firms are based primarily in one nation.
B) International firms design, produce, and market products in many nations, whereas multinational firms are based primarily in one nation.
C) International and multinational firms are the same thing.
D) Multinational firms are concerned primarily with foreign markets, whereas international firms are concerned primarily with the domestic market.
E) International firms are concerned primarily with foreign markets, whereas multinational firms are concerned primarily with the domestic market.
Answer: A
Explanation: A) International firms conduct much of their business abroad and may maintain overseas manufacturing facilities; multinational firms design, produce, and market products in many nations.
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When a retailer purchases raw materials from a supplier on terms of 2/10, net 30, this means that the retailer can take a(n) _______ percent discount on the selling price if the invoice is paid in full within _______ days of receiving the raw materials
a. 2; 10 b. 10; 2 c. 2; 30 d. 30; 2
Answer the following statements true (T) or false (F)
1. Model variables can be controllable or uncontrollable. 2. A series of steps or procedures that are repeated is known as an algorithm. 3. A model is a representation of a situation. 4. A parameter is a measurable quantity that may vary or is subject to change. 5. Trying various approaches and picking the one resulting in the best decision is called incomplete enumeration.