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Which of the following is an advantage of hiring parent-country nationals?
Determinant of Supply
Factors that affect the quantity of a good or service that producers are willing to sell at a given price, such as production technology, input prices, and number of sellers.
Technology of Production
The methods, processes, and systems used to produce goods and services, often focusing on efficiency and innovation.
Cost of Production
The total amount of money or resources spent to produce a good or provide a service, including materials, labor, and overhead costs.
Suppliers' Expectations
The assumptions or beliefs that suppliers have about future market conditions, which can influence their pricing and production decisions.
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