________ refers to the superior features of a country that provide unique benefits in global competition, typically derived from either natural endowments or deliberate national policies.
A) Comparative advantage
B) Competitive advantage
C) Absolute advantage
D) Industrial cluster
Question 2
Which of the following is true with regard to strategies for minimizing the risks of global sourcing?
A) To ensure the success of sourcing ventures, the focal firm must exercise great care to identify and screen potential suppliers and then monitor the activities of those suppliers from which it sources.
B) To maximize returns and minimize risks, management should outsource core business operations.
C) Because production quality in an emerging market rarely varies over time, managers at the focal firm are not obliged to closely monitor manufacturing processes.
D) Firms must refrain from maintaining their own sourcing operations abroad in order to trim costs and minimize risks stemming from frequent currency fluctuations.
Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol
The Krapina remains may provide evidence of cannibalism by some Neadertals.
French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho
Global Energy Flow
Average Global Temperatures
Heath Benefits of tomato