Vernon Argues That Pioneering Firms in the United States Kept

question 55

Multiple Choice

Vernon argues that pioneering firms in the United States kept production facilities closer to the market and centers of decision making because

• A) of the uncertainty and risks inherent in introducing new products.
• B) they believed that foreign production facilities were inferior in technical skills.
• C) they believed that U.S. labor costs were much lower than those in foreign markets.
• D) the U.S. government was critical of outsourcing production to other countries.
• E) of the high trade barriers implemented by several Asian and European countries.

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Definitions:

Oxygen-demanding Waste

Wastes, typically organic in nature, that reduce the amount of dissolved oxygen in water as they decompose, affecting aquatic life and water quality.

Water-soluble

A characteristic of substances that can dissolve in water, making them capable of being transported or utilized in various biological and environmental processes.

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility, promoting plant growth.

Excessive Growth

An unsustainable increase in the size or number of something, often leading to negative consequences such as environmental degradation or economic instability.