Large Countries Have an Advantage Over Small Countries in Technology-Intensive

question 22

Multiple Choice

Large countries have an advantage over small countries in technology-intensive and capital-intensive industries,because:

• A)They can influence the rest of the world's technical standards
• B)Small markets discourage ambition among the firms that serve them
• C)A large home market facilitates exploitation of scale economies
• D)Large countries tend to have superior educational systems

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Definitions:

Bad Decisions

Choices made that lead to undesirable outcomes due to poor judgment, lack of information, or failure to anticipate consequences.

Insufficient Financing

A situation where the available financial resources are not adequate to support the current operations or growth plans of a business.

Maintaining Operations

The ongoing activities required to keep a system, process, or piece of equipment running effectively.

Access to Customers

The ability of a business to reach and interact with its target audience, essential for marketing, sales, and customer service.