To Use Foreign Factors of Production, an MNC Should

question 55

Multiple Choice

To use foreign factors of production, an MNC should:

• A) establish a subsidiary in a new market that can sell products produced elsewhere.
• B) establish a subsidiary in a market that has relatively low costs of labor or land.
• C) establish a subsidiary in a market where raw materials are cheap and accessible.
• D) participate in a joint venture in order to learn about a production process or other operations.

Gain insight into the characteristics and functions of unions.

Recognize the significance of bargaining power in negotiations.

Comprehend the differences between public and private sector unions.

Learn about the impact and process of unionization on employees and managers.

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Definitions:

Audience's Attitudes

The feelings, beliefs, and behavior tendencies directed towards a person, object, or idea by the audience.

Deception

The act of misleading or tricking someone into believing something that is not true.

Falsification

The act of disproving a hypothesis or theory by presenting evidence that contradicts it.

Trickery

The use of deceit, cunning, or manipulation to achieve a goal or influence someone's actions or beliefs.