When a Firm Adopts an Internalisation Approach to International Trade

question 36

Multiple Choice

When a firm adopts an internalisation approach to international trade, it is attempting to gain advantage by:

• A) making use of joint venture partners in the overseas market.
• B) replicating its domestic operation in the overseas market.
• C) buying only from its domestic suppliers.
• D) employing an export merchant in the home country.
• E) making use of agents in the overseas market.

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Definitions:

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Rogers

Often refers to Carl Rogers, an influential American psychologist and one of the founders of the humanistic approach to psychology.

Sigmund Freud

was an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Innate Drive

A natural impulse or instinctual force that motivates behavior, believed to be born within an organism.