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Multinational company's value-adding activities through global value chain management generate (intra-firm) trade. Which of the following MNC's value-adding activity is based largely on differences in
Multinational company's value-adding activities through global value chain management generate (intra-firm) trade. Which of the following MNC's value-adding activity is based largely on differences in factor endowments between countries?
a. | Backward vertical integration | |
b. | Forward vertical integration | |
c. | Horizontal integration | |
d. | Mergers and acquisitions |
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