Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9) When a company opens a business operation in another country under its own brand name, such situation is referred to as (mark all applicable)

image text in transcribed
9) When a company opens a business operation in another country under its own brand name, such situation is referred to as (mark all applicable) a) Foreign direct investment b) Outsourcing c) Offshoring d) Neither of the above 10) When a company uses other company's manufacturing capacity, such situation is referred to as a) Foreign direct investment b) Outsourcing c) Offshoring d) Neither of the above 11) Which of the following is a theory that pronounces that in order for a national economy to benefit from international trade, it must obtain a trade surplus a) Mercantilism b) Comparative cost advantage c) Absolute advantage in cost d) National competitive advantage. 12) Which of the following theories implies that success in foreign trade depends on a complex set of factors where firms and not countries perform most of the trade. a) Mercantilism b) Comparative cost advantage c) Absolute advantage in cost d) National competitive advantage

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Solutions Manual To Accompany Fundamentals Of Corporate Finance

Authors: Richard Brealey

6th Edition

0077265963, 978-0077265960

More Books

Students also viewed these Finance questions