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Question
The ________ theory states that when an aspect of the market makes a transaction less efficient than it could be, a company will undertake foreign direct investment to internalize the transaction and thereby remove the efficiency-reducing aspect.A) market power
B) eclectic
C) international product life cycle
D) market imperfections
Answer
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Related questions
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Q:
Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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Supporters and critics of globalization appear to agree that globalization prevents dislocation in labor markets.
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According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?
A) increased labor costs for companies
B) lower workers' wages in developed nations
C) surfeit of jobs in developed nations
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Export-processing zones are special areas in which companies engage in tariff-free importing and exporting.
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The General Agreement on Tariffs and Trade (GATT) was designed to promote free trade by reducing both tariffs and nontariff barriers to international trade.
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Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ________.
A) elevation of nationalism
B) rise of closed economies
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D) technological innovation
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Explain how technological innovation has benefitted entrepreneurs.
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Compare and contrast the world's three main political ideologies: anarchism, totalitarianism, and pluralism.
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Incentives and rewards for individual business initiatives are an important aspect of collectivist cultures.
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Pluralistic political systems include authoritarian regimes such as communism and fascism.
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B) The government considers banking sector as important to national security.
C) The country has never experienced threats against its long-term stability.
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B) central
C) subcapital
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According to Hofstede's framework, a culture with ________ values security and places its faith in strong systems of rules and procedures in society.
A) large uncertainty avoidance
B) low power distance
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A) feminity
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Which of the following terms refers to the technology used in a culture to manufacture goods and provide services?
A) vernacular culture
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B) a form of non-verbal language adopted by all nations as the official language for business transactions
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A) racial segregation
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D) language-based stratification
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A caste system is a system of social stratification in which ________.
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B) a person's position in society depends upon his educational qualifications and achievements
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A) trash culture
B) traditions
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A culture's values tend to become more flexible over time.
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A) Strict product liability laws
B) Relaxed trade and investment barriers
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B) attitudes
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A) developed market
B) traditional market
C) emerging market
D) virtual market