By Offering a Standardized Product to the Global Marketplace and Manufacturing

question 14

True/False

By offering a standardized product to the global marketplace and manufacturing that product in each nation in which it does business irrespective of production costs, a multinational company can realize substantial scale economies.

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Definitions:

Footballs

Spherical objects used in the game of football (soccer) or oval-shaped objects used in American football, both designed for being kicked, thrown, or carried to score points.

Labor

The physical and mental effort used in the production of goods and services.

Physical Capital

Manufactured productive resources, such as buildings and machines; often referred to simply as “capital.”

Factor Market

A marketplace for the services of a factor of production, such as labor, capital, or land.