Capital Flight Is a Problem Facing DVCs That Involves the

question 263

Multiple Choice

Capital flight is a problem facing DVCs that involves the

• A)difficulty of sustaining skilled workers in the government sector of the DVC economies.
• B)transfer of private savings from DVCs to IACs.
• C)flight of agricultural workers from rural to urban areas, especially capital cities, to take advantage of better job opportunities.
• D)movement of capital goods from IACs to DVCs to avoid taxes.

Understand the difference between various growth strategies: market penetration, market development, product development and diversification.

Identify and explain the core concepts of market penetration and associated tactics.

Recognize paths of adjacency as described by Chris Zook and their implications for business growth.

Analyze the role of both forward and backward integration within diversification strategies.

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Definitions:

Statement

Similar to an invoice; a summary of total amounts owed, including outstanding charges as well as payments received for services provided by the office.

Previous Month

A term referring to the month that directly precedes the current month in the calendar.

Itemized List

A detailed list where individual items or elements are separately presented and often described or quantified.

Diplomatic Way

A strategy or method that involves handling situations in a sensitive, tactful, and effective manner, often to maintain good relationships and avoid conflict.