When a Company Sends Some of Its Own Managers Overseas

question 249

Multiple Choice

When a company sends some of its own managers overseas to conduct business in a local office, this is an example of

• A) developing a strategic alliance.
• B) outsourcing.
• C) licensing products.
• D) investing directly in a foreign venture.
• E) opening a branch office.

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Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a good or service, a critical concept in economic decision-making and pricing strategies.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce its availability to others.

Marginal Costs

The increase in total cost that arises from producing one additional unit of a good or service.

Marginal Benefits

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.