Location-Specific Advantages for a Firm Are Those That Arise from

question 77

Multiple Choice

Location-specific advantages for a firm are those that arise from

• A) acquiring the home markets of foreign firms that threaten a firm's domestic market.
• B) gaining a commanding position in one market and using them to subsidize competitive attacks in other markets.
• C) preferring exporting over licensing in order to retain control over know-how, manufacturing, marketing, and strategy.
• D) utilizing resource assets that are tied to a particular foreign location and valuable enough to be combined with the firm's own unique assets.
• E) franchising and licensing.

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Definitions:

Financial Resources

Financial resources refer to money or any other assets that can be used to support an organization, individual, or project.

Refractory Period

A phase right after stimulation when a nerve or muscle cannot respond to additional stimulation.

Plateau Phase

A stage in sexual response where arousal is maintained at a high level, often preceding orgasm.

Excitement Phase

The initial stage of the sexual response cycle characterized by increased arousal and preparation for sexual activity.