To Fully Benefit from Use of Foreign Raw Materials

question 49

Multiple Choice

To fully benefit from use of foreign raw materials:

• A) establish a subsidiary in a market where raw materials are cheap and accessible.
• B) sell the finished product to countries where the raw materials are more expensive.
• C) establish a subsidiary in a new market that can sell products produces elsewhere.
• D) A and B

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Definitions:

Summer Internship

A temporary employment opportunity offered to students during the summer months to gain practical experience in their field of study.

Law School

An institution of higher learning that offers a professional education in law, preparing students to become attorneys through a curriculum focused on legal theory and practices.

Inelastic Supply

A situation where the quantity of goods provided by producers does not significantly change in response to price fluctuations.

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