________ is an explanation of the process by which firms acquire and retain one or more value-chain activities inside the firm, minimizing the disadvantages of dealing with external partners and allowing for greater control over foreign operations.
A) Internalization theory
B) Monopolistic advantage theory
C) Absolute advantage theory
D) Dunning's eclectic paradigm
Question 2
Which of the following market characteristics offers the most potential for a firm's success at internationalizatio n?
A) a widely-distributed product or service
B) an unaffordable product or service
C) an unavailable product or service
D) an unknown product or service
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