Competitive Advantages of Manufacturing Goods in a Particular Country and Exporting

question 53

Multiple Choice

Competitive advantages of manufacturing goods in a particular country and exporting them to foreign markets

• A)are largely unaffected by fluctuating exchange rates.
• B)are greatest when local distributors and dealers in that country can be convinced not to carry products that are made outside the country's borders.
• C)can be wiped out when that country's currency grows weaker relative to the currencies of the countries where the output is being sold.
• D)are eroded when the manufacturing country's home currency strengthens relative to the currencies of the foreign countries where the output is being sold.
• E)are seriously compromised by the potential for local government officials to raise tariffs on the imports of foreign-made goods into their country.

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Definitions:

Industry

A sector of the economy that is concerned with the production and manufacturing of goods or services.

Buzzwords

Popular or trendy words or phrases that are used to impress or persuade, often without conveying substantial meaning.

Clichés

Overused expressions or ideas that have lost their originality and impact due to excessive use.

Abstract Words

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