Cultural Concepts and Phenomena Quiz
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Questions and Answers

All the technology used in a culture to manufacture goods and provide services is called ______

Material Culture

The detailed knowledge about a culture that enables a person to function effectively within it ______

Culture Literacy

It refers to the departure of highly educated people from one profession, geographic region, or nation to another ______

Brain Drain Phenomenon

It explains that a company will begin exporting its product and later undertake foreign direct investment as product moves through the life cycle ______

<p>International Product Life Cycle Theory</p> Signup and view all the answers

The theory states that the firms undertake foreign direct investment when the features of a particular location combine with ownership and internalization advantage to make a localization appealing to investment ______

<p>Eclectic Theory</p> Signup and view all the answers

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