If a Country Pursues Its Comparative Advantage

question 105

Multiple Choice

If a country pursues its comparative advantage:

• A) Prices will rise throughout the world.
• B) Total world population will increase.
• C) Market power will rise throughout the world.
• D) Total world output will increase.

Understand the process and techniques of tactical impression management.

Learn about the types of stigma and strategies for managing stigma.

Examine the dynamics of ingratiation and other impression management tactics to gain social approval.

Understand the principles behind truthful and deceitful communication.

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Definitions:

SWOT Analysis

The step of strategic planning in which the managers identify the internal strengths and weaknesses of a business and the opportunities and threats that exist outside the business.

Strategic Planning

The process of defining a company's direction and making decisions on allocating its resources to pursue this strategy.

Internal Strengths

Unique capabilities within an organization that provide it with a competitive advantage in its industry.

Good Management

The practice of effectively and efficiently leading and organizing resources, including people, to achieve the goals of an organization.