Which statement is true of tariff reductions?
a. Reciprocal tariff liberalization has quickly become widespread to support free trade.
b. Tariff reductions primarily benefit import-competing industries within a nation.
c. Tariff reductions lead to increased foreign competition that undermines the welfare of a nation.
d. Tariff reductions can increase the overall welfare of a nation when affected industries are compensated for their losses.
d. Tariff reductions can increase the overall welfare of a nation when affected industries are compensated for their losses.
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Unilever, the Anglo-Dutch consumer products company, at one time had 30 different package designs and 48 different formulations for its Rexona deodorant brand. This is an example of:
A) ethnocentric orientation. B) polycentric orientation. C) regiocentric orientation. D) geocentric orientation. E) transnational orientation.
When the assumption of equally likely outcomes is used to assign probability values, the method used to assign probabilities is referred to as the _____ method.
A. relative frequency B. subjective C. probability D. classical
What are the two main components of organizational culture?
A. micro and macro culture B. internal and external culture C. centralized and decentralized culture D. observable and unobservable culture
A firm that has a lot of management know-how but expects production problems in a foreign market might be wise to use management contracting.
Answer the following statement true (T) or false (F)