One of the Earliest, and Still One of the Most

question 2

Multiple Choice

One of the earliest, and still one of the most powerful, motivations for U.S. companies to invest abroad relates to ____: obtaining raw materials, labor, and other resources at the lowest possible cost.

• A) factors of production
• B) economies of scope
• C) economies of scale
• D) technological factors

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Definitions:

Units in the System

The total number of items or entities currently being processed or within a particular process or system at any given time.

Poisson Distribution

A statistical distribution describing the probability of a given number of events happening in a fixed interval of time or space, assuming events happen independently at a constant rate.

Exponential Distribution

A probability distribution that describes the time between events in a Poisson process, showing how a process is spread out over time.

Poisson Distribution

is a statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.