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What Is the Transnational-Network Structure? Discuss Some Costs and Benefits

question 51

Essay

What is the transnational-network structure? Discuss some costs and benefits of having a transnational network structure.Under what situation would a transnational-network be appropriate?


Definitions:

Substitution

The action of replacing one good or service with another based on changes in relative prices, incomes, or preferences.

Indifference Curve

A graph showing different combinations of two goods that provide the same level of utility or satisfaction to a consumer.

Utility

In economics, a measure of satisfaction, usefulness or value that an individual gains from consuming goods and services.

Consumption Bundle

A combination of goods and services selected by a consumer for personal use.

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