To Use Foreign Factors of Production, an MNC Should

question 55

Multiple Choice

To use foreign factors of production, an MNC should:

• A) establish a subsidiary in a new market that can sell products produced elsewhere.
• B) establish a subsidiary in a market that has relatively low costs of labor or land.
• C) establish a subsidiary in a market where raw materials are cheap and accessible.
• D) participate in a joint venture in order to learn about a production process or other operations.

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Definitions:

Very Recent Memories

Memories of events that have occurred in the immediate past, often within minutes to days.

Long-Term Potentiation

An increase in synaptic strength following high-frequency stimulation of a chemical synapse, important for learning and memory.

Synaptic Firing Potential

The likelihood or ability of neurons to transmit an electrical or chemical signal across the synapse to another neuron.

Priming

The psychological phenomenon in which exposure to a stimulus influences the response to a subsequent stimulus, without conscious guidance or intention.