Which of the Following Countries Benefited Significantly from the Catch-Up

question 124

Multiple Choice

Which of the following countries benefited significantly from the catch-up effect in the last half of the twentieth century?

• A)Ethiopia
• B)the United States
• C)Canada
• D)South Korea

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Definitions:

Location Economies

The cost advantages gained by a business due to its geographical position, often influencing its competitiveness.

Meganational Strategy

A business strategy that emphasizes operating and competing in multiple countries as one global market.

Avoids Adaptation

a strategy where a business does not significantly alter its product or services to accommodate different cultural or market requirements in its expansion or operations.

Differentiated Needs

The varying requirements and preferences of customers or markets that businesses seek to satisfy with customized products or services.