_________ Implies That for a Given Business Activity,some Firms May

question 22

Multiple Choice

_________ implies that for a given business activity,some firms may be more skilled than others in accomplishing it.

• A) Resource homogeneity
• B) Resource mobility
• C) Resource heterogeneity
• D) Resource immobility

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Definitions:

World Trade Organization

An international organization that regulates and facilitates global trade between nations.

Antidumping Code

A set of international regulations designed to prevent dumping, which is the practice of exporting goods at a price lower than their normal value, often with the intent of driving out competition.

MIGA

The Multilateral Investment Guarantee Agency, an international organization that offers political risk insurance and credit enhancement to investors and lenders.

Developing Nations

Countries with lower levels of socioeconomic development, characterized by lower incomes, less industrialization, and often higher levels of poverty compared to developed countries.