Firms with Core Competencies That Can Be Exploited Across International

question 3

Multiple Choice

Firms with core competencies that can be exploited across international markets are able to:

• A) achieve synergies and produce high-quality goods at lower costs.
• B) enter new markets more quickly.
• C) enhance their market image and brand loyalty among local consumers.
• D) meet local government requirements more quickly than their international competitors.

Distinguish between different types of international transactions and their respective impacts on a nation's balance of payments.

Understand the components and structure of the balance of payments.

Analyze the effects of current account deficits or surpluses on the capital and financial accounts.

Identify and interpret the key entries in balance of payments tables.

---

Definitions:

Operant Conditioning

A behavioral modification approach where the vigor of an activity is changed by applying reinforcements or punishments.

Social Learning Theory

A theory that proposes people can learn new behaviors and norms through observational learning, by watching and imitating others.

Classical Conditioning

An educational method where two signals are frequently combined, leading to a response initially triggered by the second signal being provoked by just the first signal over time.

Psychoanalytic

A therapeutic approach and theory of psychology that emphasizes unconscious mental processes and childhood experiences in shaping behavior and personality.