________ Are Those Factors That Make It Desirable for a Firm

question 56

Multiple Choice

________ are those factors that make it desirable for a firm to produce a good or service itself rather than contracting with another firm to produce it.

• A) Ownership advantages
• B) National competitive advantages.
• C) Internalization advantages
• D) Resource availabilities

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Definitions:

Historical

Pertaining to or concerned with the study of past events and times.

Past Epochs

Past periods or ages in history characterized by distinctive features or events, often used to discuss the evolution of societies or civilizations.

Ideal Type

A conceptual tool used in sociology, created by Max Weber, that serves as a model for understanding social phenomena by emphasizing the most significant characteristics, often to compare real situations against an idealized or pure form.

Structural

Related to the underlying or organizing framework of a system, often used in contexts such as sociology, engineering, and architecture.