International managers must collaborate with local managers to ...

[neverstopbelieb]

International managers must collaborate with local managers to expand their business in the international market.
 
  Indicate whether the statement is true or false

Question 2

Which of the following differentiates oligopoly from perfect competition?
 
  A) In an oligopoly, firms have the ability to differentiate their products from competitors, while in perfect competition, firms remain in a high rivalry where the actions of one firm affect the other
  B) In an oligopoly, there are relatively few companies that dominate the market; while in perfect competition, many similar firms compete in the market.
  C) In perfect competition, customers have few viable substitutes available; while in an oligopoly, customers have many substitutes to choose from.
  D) In an oligopoly, firms have the ability to promote their products differently from competitors; while in perfect competition, product differentiation helps companies compete.
  E) In perfect competition, companies have total control over price because they can differentiate their products; while in an oligopoly, companies have no influence on the price.

[ong527]

Answer to Question 1

TRUE

Answer to Question 2

B