International Bussiness Theory

Which of the following theories identifies specialization as a reason for international business?

• theory of comparative advantage.

• imperfect markets theory.

• product cycle theory.

• none of the above

Which of the following theories identifies the non‑transfer­ability of resources as a reason for international business?

• theory of comparative advantage.

• imperfect markets theory.

• product cycle theory.

• none of the above

Which of the following industries would most likely take advantage of lower costs in some less developed foreign countries?

• assembly line production.

• planning for more sophisticated computer technology.

• nuclear missile planning.

• specialized professional services.

Which of the following theories suggests that firms seek to penetrate new markets over time?

• theory of comparative advantage.

• product cycle theory.

• imperfect markets theory.

• none of the above

A disadvantage of licensing is that:

• it prevents a firm from importing.

        

• it prevents a firm from exporting.

• it is difficult to ensure quality control of the produc­tion process.

• none of the above

Licensing obligates a firm to provide _____________, while franchising obligates a firm to provide _______________.

• a specialized sales or service strategy; its technology

• its technology; a specialized sales or service strategy

• its technology; its technology

• a specialized sales or service strategy; a specialized sales or service strategy

Who has not sung the James Bond theme song?

• Beyoncé

• Adele

• Billie Eilish

• Tom Jones