Which of the Following Are the Two Distinct Advantages of Exporting

question 47

Multiple Choice

Which of the following are the two distinct advantages of exporting?

• A) Getting rid of excess inventory and reducing risk
• B) Access to local partner's knowledge; and politically acceptable
• C) Ability to earn returns from process technology skills in countries where FDI is restricted; and politically acceptable
• D) Access to a local partner's knowledge and it may help a firm achieve experience curve; and location economies
• E) It avoids the often-substantial cost of establishing manufacturing operations in the host country; and it may help a firm achieve experience curve and location economies

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Definitions:

WAIS

The Wechsler Adult Intelligence Scale, a commonly used test designed to measure human intelligence through various cognitive tasks.

David Wechsler

A psychologist known for developing influential intelligence scales, such as the Wechsler Adult Intelligence Scale (WAIS).

Mental Age

A measure of intelligence test performance devised by Binet; the level of performance typically associated with children of a certain chronological age. Thus, a child who does as well as an average 8-year-old is said to have a mental age of 8.

Binet and Simon

Alfred Binet and Theodore Simon, psychologists who developed the first practical intelligence test, the Binet-Simon scale, to assess cognitive abilities in children.