Exporting Has Two Distinct Advantages - It Avoids the Cost

question 52

Multiple Choice

Exporting has two distinct advantages - it avoids the cost of establishing manufacturing operations in the host country, and

• A) it reduces the product cost.
• B) helps a firm achieve experience-curve and location economies.
• C) minimizes production errors.
• D) creates a ready market to set up production units at a later time.

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Definitions:

Meta-analysis

A statistical technique that synthesizes the results of multiple scientific studies to derive a more precise estimate of effect sizes or outcomes.

Early Identification

The process of recognizing and addressing potential developmental or health issues at an early stage.

Prodromal Phase

An early stage of a disorder that precedes the onset of full-blown symptoms.

Environmental Factors

External elements, including physical, social, and cultural conditions, that can influence an individual's well-being and behavior.