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There Are Two Types of Drivers of Internationalisation of Service

question 13

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There are two types of drivers of internationalisation of service firms, firm-level and industry-level. An example of a firm-level driver is scale economies.


Definitions:

New Crankshaft

A critical engine component designed to convert the linear motion of pistons into rotational motion to power a vehicle.

Used Cars

Second-hand vehicles that were once registered and utilized by one or more prior owners.

Marginal Products

The extra output that is produced by using one more unit of a particular input, holding all other inputs constant.

Separating Equilibrium

Separating equilibrium occurs in a game or market when different types of participants choose distinctly different strategies or products, revealing their type.

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