The Minimum That a Firm Has to Do to Engage

question 57

Multiple Choice

The minimum that a firm has to do to engage in international business is to

• A) export or import products from other countries.
• B) invest directly in operations in another country.
• C) establish joint ventures or strategic alliances with companies in other countries.
• D) export low-wage manufacturing jobs to companies in other countries.
• E) develop franchises and subsidiaries in other countries.

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Definitions:

Long-Term Memory

The phase or type of memory responsible for the storage of information over extended periods, ranging from days to decades.

Modal Model

A cognitive model that describes memory as a system consisting of different stores: the sensory register, short-term memory, and long-term memory.

Atkinson and Shiffrin

Psychologists who developed the Multi-Store Model of Memory, explaining how memory processes work.

Working Memory

A cognitive system responsible for temporarily holding information available for processing.