Which of the Following Theories Identifies Specialization as a Reason

question 30

Multiple Choice

Which of the following theories identifies specialization as a reason for international business?

• A)theory of comparative advantage
• B)imperfect markets theory
• C)product cycle theory
• D)none of the above

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Definitions:

Staff Turnover

The turnover rate of employees in a company, signifying the speed at which staff members depart and are subsequently replaced by new hires.

Credit Sales

Sales made by a business where the customer is allowed to pay at a later date, as opposed to immediate cash transactions.

Cash Received

The total amount of cash received by a business during a specific period, from various sources like sales, investments, or financing.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the product.