Suppose That a Local Firm in a Foreign Market Is

question 98

Multiple Choice

Suppose that a local firm in a foreign market is incapable of adapting its operations to a multinational enterprise's production process.In this case______________ is not the lowest-cost method of supplying goods abroad.

• A) licensing
• B) foreign direct investment
• C) direct exporting
• D) backward integration

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Definitions:

Frequency Distribution

A table or chart that gives each piece of data in the set and the frequency, or the number of times that it appears in the data set.

Standard Deviation

A statistic that measures the dispersion or variation of a set of values, indicating how much the values differ from the mean of the set.

Z-score

A statistical measure that describes a value's relationship to the mean of a group of values, expressed in terms of standard deviations from the mean.

Average Cost

A method of inventory valuation where the cost of goods sold and ending inventory are calculated based on the weighted average of all purchases.