Which of the Following Factors Is Typically Most Important to Firms

question 22

Multiple Choice

Which of the following factors is typically most important to firms considering FDI entry?

• A) availability of skilled labor and managerial talent
• B) pricing strategies of competitors
• C) tariffs applied for exporting
• D) literacy level of the consumers

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Definitions:

Expected Value

The weighted average of all possible values of a random variable, with the weights being the probabilities of occurrence.

Full-Fare Ticket

A type of airline or travel ticket that has no restrictions and is often refundable, representing the highest fare category.

Expected Value

The long-run average value of repetitions of the experiment it represents, essentially a mean of a random variable in probability and statistics.

Probability

The quantification of the probability of an event happening, expressed as a numeric value ranging from 0 to 1.