Which Is NOT One of the Suggestions for International Managersthat

question 17

Multiple Choice

Which is NOT one of the suggestions for international managersthat can be drawn from this chapter?

• A) Create a common structure for all MNEs.
• B) Understand the nature and evolution of your industry.
• C) Actively develop learning and innovation capabilities.
• D) Understand and be prepared to change the internal rules of the game.

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Definitions:

Production Factors

Production factors, also known as factors of production, are the inputs needed for the creation of a good or service, usually categorized into land, labor, capital, and entrepreneurship.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to international trade.

Global Trade Flow

Refers to the movement of goods and services across international borders, involving various economic activities and exchanges between countries.

Specialization of Labor

The division of labor into distinct tasks, where individuals specialize in specific tasks, improving efficiency and productivity.