The Theory That Suggests Specialization by Country Can Increase Worldwide

question 15

Multiple Choice

The theory that suggests specialization by country can increase worldwide production is:

• A) the theory of comparative advantage.
• B) the theory of foreign direct investment.
• C) the international Fisher effect.
• D) the theory of working capital management.

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Definitions:

CRM

Customer Relationship Management, a strategy for managing an organization's interactions with current and potential customers, often using data analysis about customers' history with a company to improve business relationships.

GPS

The Global Positioning System, a satellite-based navigation system that allows users to determine their precise location (latitude, longitude, and altitude) anywhere on Earth.

RFID

Radio Frequency Identification, a technology used to automatically identify and track tags attached to objects using electromagnetic fields.

SCM

Supply Chain Management, the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.