List and Explain Three Strategic Motives Why Firms Become Multinationals

question 65

Essay

List and explain three strategic motives why firms become multinationals and give an example of each.

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Definitions:

Sampling Distribution

The chance distribution for a statistic identified from a random sample.

Z-scores

A standard score indicating how many standard deviations an element is from the mean.

Normal Curve

A bell-shaped curve that represents the distribution of a set of data where most occurrences take place around the mean, tapering off symmetrically towards the extremes.

T-statistic

A type of statistic used in hypothesis testing when the sample size is small and the population variance is unknown, it is based on the Student's t-distribution.