The Resource-Based View of Global Business Differs from the Institution-Based

question 34

Multiple Choice

The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____.

• A) postulates the ideology of localization 
• B) supports the ideology of total globalization 
• C) focuses on the internal strengths on the firm 
• D) advocates adopting a single method for achieving globalization

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Definitions:

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors with the same amount of resources.

Resources

Assets, materials, and inputs used to produce goods and services, including time, labor, capital, and natural resources.

Production

The process of creating, growing, manufacturing, or improving goods and services.

Production Possibility Curve

A graphical representation showing the maximum combination of goods and services that can be produced with a given set of resources and technology.