Intricate Wiring Corp

question 58

Multiple Choice

Intricate Wiring Corp., based in Ohio, creates a brand new high-tech product. The demand for the product in the United States is high but very low or non-existent elsewhere. The company decides not to locate manufacturing facilities elsewhere and will simply meet the small foreign demand via exports. The theory that best explains the company's policy is

• A) product life cycle theory.
• B) mercantilism.
• C) the Leontief paradox.
• D) Heckscher-Ohlin theory.
• E) free trade theory.

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Definitions:

Job-related Knowledge

Refers to the information and skills required to perform the duties and responsibilities of a specific job effectively.

Behavior

Observable actions or reactions of individuals, often studied to understand, predict, or influence human responses.

Selection

The process of choosing from a group of candidates the individuals who are best suited for a particular position or task.

Skills

Abilities or expertise that an individual possesses, which are developed through practice and education, and are necessary for performing specific tasks.