This Theory Advocates That the Available External Market Does Not

question 56

Multiple Choice

This theory advocates that the available external market does not provide an efficient environment in which the firm can profit by using its technology or production resources.

• A) Monopolistic Advantage theory
• B) Internalization theory
• C) both A & B
• D) none of above

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Definitions:

Smoke

The visible vapor and gases given off by a burning substance, often containing particulate matter.

Vitamin D

A fat-soluble vitamin crucial for the regulation of calcium and phosphorus in the body, important for maintaining healthy bones.

Rickets

A disease of the bones primarily due to the deficiency of vitamin D.

Tactile

Relating to the sense of touch.