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Question
What is meant by liability of foreignness? How might this influence location and allocation decisions?
Answer
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Which of the following best explains why Burger King has developed such a strong presence in many of the small countries of Latin America and the Caribbean?
A) These business environments allowed Burger King to take advantage of economies of scale.
B) These countries are close to a Burger King's headquarters.
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Which of the following is true about projected demographic changes up to the year 2050 that could affect future production and sales locations?
A) The share of the working population should rise in developed countries and fall in developing countries.
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A) multidomestic
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B) the industry's product is a commodity
C) entry barriers are low for new firms
D) suppliers have little bargaining power