For an International Business, Which of the Following Is Most

question 45

Multiple Choice

For an international business, which of the following is most likely to be an outcome of protectionism and nationalism in a host-country?

• A)Increase in the attractiveness of location economies
• B)Pressure for localization of production
• C)Requirement of standardization of products or services
• D)Pressure for cost reduction
• E)Decrease in the significance of local responsiveness

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Definitions:

Marginal Cost

The cost associated with producing one more unit of a specific good or service, key in decision-making processes for production levels.

Marijuana

Marijuana, also known as cannabis, is a psychoactive drug from the Cannabis plant used for medical or recreational purposes.

Shipment Seized

The act of authorities taking control over goods in transit due to non-compliance with laws or regulations.

Equilibrium Price

The price at which the quantity of goods demanded by consumers equals the quantity of goods supplied by producers, resulting in market balance.