Ithilium, a European country, is able to produce more electronics than Kilim, a North American country, even though both countries use the same amount of resources. Given this information, it can be deduced that Ithilium has a(n):
A. comparative advantage over Kilim.
B. higher trade surplus than Kilim.
C. absolute advantage over Kilim.
D. higher balance of payments surplus than Kilim.
Answer: C
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The marketing research report is a factual message that transmits research results, vital recommendations, conclusions, and other important information to the client, who in turn bases his or her decision making on the contents of the report
Indicate whether the statement is true or false
Global companies have five strategies for matching products and their promotion efforts to global markets. Designing a product to serve the unmet needs of a foreign nation is which type of global marketing product and promotion strategy?
A. product adaptation B. product invention C. product integration D. product customization E. product extension
____________________ describes technical or specialized terms within a field
Fill in the blank(s) with correct word
Produce Packaging Company promises its employees a 10percent raise at the end of the year if productivity has increased and management feels the raise is warranted. Produce Packaging must
a. do nothing. b. give the employees a 10percent raise only at the end of the year. c. give the employees a 10percent raise only if produc¬tivity increases. d. give the employees a 10percent raise under any circumstances.