Question Details

Which of the following industries would most likely take advantage of lower costs 



1. Which of the following theories identifies specialization as a reason for international business?
A) Theory of comparative advantage.
B) Imperfect markets theory.
C) Product cycle theory.
D) None of these.

2. Which of the following theories identifies the non-transferability of resources as a reason for international business?
A) Theory of comparative advantage.
B) Imperfect markets theory.
C) Product cycle theory.
D) None of these.

3. Which of the following industries would most likely take advantage of lower costs in some less developed foreign countries?
A) assembly line production.
B) Specialized professional services.
C) Nuclear missile planning.
D) Planning for more sophisticated computer technology.

4. Due to the risks involved in international business, firms should:
A) Only consider international business in major countries.
B) Maintain international business to no more than 20% of total business.
C) Maintain international business to no more than 35% of total business.
D) Do none of these.

5. A product cycle is the process by which a firm provides a specialized sale or service strategy, support assistance, and possibly an initial investment in the franchise in exchange for periodic fees.
A) True.
B) False.




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