The L in OLI Theory Stands for Loyalty,and This Factor

question 25

True/False

The L in OLI theory stands for loyalty,and this factor makes it more difficult for firms to substitute foreign operations for domestic as they fear a loss of sales due to negative publicity.

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Definitions:

Buyers

Individuals or entities that make a purchase of goods or services.

Adverse Selection

A situation where sellers have information that buyers do not, leading to a market dominated by lower-quality goods.

Reckless Drivers

Individuals who operate vehicles in a dangerous manner, disregarding traffic rules and the safety of others.

Safety Devices

Devices or mechanisms designed to prevent accidents or injuries, often found in vehicles, machinery, and at workplaces.