One of the Leading Alternative Theories to the HO Model

question 22

Multiple Choice

One of the leading alternative theories to the HO model of international trade is the Human Skills theory,which was developed by

• A)Donald Keesing.
• B)Adam Smith.
• C)David Ricardo.
• D)G. D. A. MacDougall.

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Definitions:

Market Share

is the percentage of an industry's sales that a particular company controls, serving as a measure of its competitiveness.

Extended Warranty

An additional guarantee offered on a product, extending the period during which a manufacturer or retailer promises to repair or replace it.

Introversion

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability.