Advantages That Arise from Using Resource Endowments or Assets That

question 104

Multiple Choice

Advantages that arise from using resource endowments or assets that are tied to a particular location and that a firm finds valuable to combine with its own unique assets are referred to as:

• A) geographic specific preferences
• B) unique geographic advantages
• C) locale-specific preferences
• D) location-specific advantages
• E) factor endowment advantages

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Definitions:

Home Countries

The countries where multinational corporations are headquartered or originate from.

Balance Sheet Approach

A method in expatriate management that aims to maintain an employee's standard of living when assigned overseas, by adjusting salary based on cost of living, housing, and other factors.

Standard Of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.