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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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