A well-developed web-site can draw the business of consumers throughout the world without the need to establish a physical presence in each country

Which of the following statements is true of global trade patterns?

A) The annual rate of output is less than the total merchandise trade. B) In most countries, the share of trade as a percentage of the national economy has reduced. C) Import and export growth has outpaced the rate of increase in GNP. D) The share of agriculture in exports has increased over the past decade.

Which of the following is the best example of generic competition in the coffee drip machine category?

A) other brands of coffee drip machines B) percolators and espresso machines C) juicers and water purifiers D) pots and pans