ibt

<p>The role of competition in driving technological innovation. (A)</p> Signup and view all the answers

<p>When multiple entities hold rights to the same song or patent. (C)</p> Signup and view all the answers

<p>Opportunity Cost (B)</p> Signup and view all the answers

<p>Business transactions within the same industry (B)</p> Signup and view all the answers

<p>They highlighted the limitations of country-based theories. (C)</p> Signup and view all the answers

<p>The role of economies of scale and firm strategies (A)</p> Signup and view all the answers

<p>The occurrence of intra-industry trade growth (C)</p> Signup and view all the answers

<p>The impact of economies of scale on trade patterns. (D)</p> Signup and view all the answers

<p>Adaptation of marketing strategies to local preferences. (C)</p> Signup and view all the answers

<p>They enhance trade by protecting innovations. (D)</p> Signup and view all the answers

<p>Reduced average costs leading to competitive pricing. (A)</p> Signup and view all the answers

<p>Comparative advantage theory. (A)</p> Signup and view all the answers

<p>Role of firms in promoting international trade. (B)</p> Signup and view all the answers

<p>Direct acquisition. (A)</p> Signup and view all the answers

<p>Variability in enforcement across different jurisdictions. (C)</p> Signup and view all the answers

<p>It can affect the success and feasibility of investments in different countries. (C)</p> Signup and view all the answers

<p>Potential legal repercussions and loss of reputation. (B)</p> Signup and view all the answers

<p>The benefit obtained from producing goods at a lower opportunity cost. (D)</p> Signup and view all the answers

<p>It influences trade patterns based on the abundance of production factors. (D)</p> Signup and view all the answers

<p>Avoiding responsibilities and denying social issues. (C)</p> Signup and view all the answers

When different authorities or rights (like copyrights, patents, trademarks) overlap or conflict.

Reducing costs over time as production increases and efficiency improves.

Using existing resources to produce multiple products or services.

Investing in a foreign company's assets, but not controlling it.

Investing in a foreign country through setting up business or acquiring existing ones.

Activities to innovate and develop new products or improve existing ones.

A business model where one company (franchisor) grants rights for another company (franchisee) to operate under its name and system.

The ability of an entity to produce a good or service at a lower opportunity cost than other entities.

Different forms of investment in foreign countries

The exchange of similar products between countries.

The value of the next best alternative forgone when making a choice.

Explanations of international trade that emphasize the roles of multinational corporations (MNCs) and firms in shaping trade patterns.

Different explanations for why countries engage in international trade

People's beliefs about ethics vary based on culture and personal values.

Minimum action to address social/environmental issues; avoids responsibility.

The exchange of different products between countries.

Actions that align with generally accepted social norms.

Meets legal requirements, but no extra effort for ethical issues; focuses on profit generation.

Meets ethical & legal needs; participates in social programs, matched by employee contributions.

Strong support for social responsibility; actively seeks ways to contribute beyond legal obligations.

A written guide to a company's values and ethical standards.

Degree of acceptance of bribery varies by country; some countries are more accepting.

Formal analysis of a company's social responsibility effectiveness.

Exchange of goods, services, or money between countries.

A country's ability to produce a good more efficiently than another country.

A country's ability to produce a good relatively more efficiently than another country.

A country's resources, such as land, labor, and capital, that influence its comparative advantage.

Theory describing the pattern of comparative advantage based on differences in factor endowments.

Economic system emphasizing exports over imports, aiming for a favorable balance of trade.