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A Firm May Export Everything It Produces Overseas and Yet

question 337

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A firm may export everything it produces overseas and yet not be considered a multinational.


Definitions:

Competence

An individual's capability to effectively perform or execute a particular task.

Relatedness

The need to interact, be connected to, and experience caring for others, considered a fundamental psychological need.

Homeostasis

The tendency of a biological system to maintain stable internal conditions despite external changes.

Drive-reduction Approach

A theory in psychology that posits motivation arises from the need to reduce drives from physiological states of tension, such as hunger or thirst.

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