Developments in Sophisticated Worldwide Communications System Provide an Acceptable Substitute

question 6

True/False

Developments in sophisticated worldwide communications system provide an acceptable substitute for "face to face" contacts between subsidiary managers and corporate staff.

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Definitions:

Import

Products or services that are transported into a country from another with the intent to sell them.

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade and resource allocation.

Opportunity Cost

The value of the best alternative foregone as a result of making a particular choice or decision.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost compared to its competitors.