Elmo Inc, a global conglomerate, designed the ElBrush, an electric toothbrush. Sensing market demand for the electric toothbrush, Elmo started with an ideal selling price of $3 based on customer value considerations and then targeted costs to ensure that the price was met. This exemplifies ________.

Which of the following would be considered an advantage of global competition?

A) ability to safeguard proprietary technology in working with offshore suppliers B) a recent climate of low political risk and lessening nationalization C) high levels of worker skills in foreign countries mean less required training D) strong global competition and increased worldwide demand

Ethical responsibilities are voluntary obligations a corporation assumes

Indicate whether the statement is true or false