Which of the Following States That Combining Location-Specific Assets or Resource

question 25

Short Answer

Which of the following states that combining location-specific assets or resource endowments and the firm's own unique assets often requires FDI, and it also requires the firm to establish production facilities where those foreign assets or resource endowments are located?
A.Strategic trade policy
B.Integration approach
C.Scramble theory
D.Eclectic paradigm
E.Infant industry argument

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Definitions:

Classical Approach

A management theory focusing on the efficiency, productivity, and structure of an organization, emphasizing clear divisions of labor, centralized decision-making, and strict hierarchy.

Human Resource Approach

A management perspective focusing on the recruitment, management, and direction of people in an organization to maximize their potential and achieve organizational objectives.

Dynamic Organisations

Dynamic organisations are those characterized by their ability to adapt rapidly and efficiently to changes in the external environment, technology, or market demands.

Self-Interest

The focus on one's own advantages and well-being without necessarily considering the welfare of others.