Merticao, a French textile company, supplied most of its products to its primary market in Hestonia, a North American nation. However, when Hestonia faced an economic downturn and its citizens began to reduce their expenditures, Merticao began to focus more on its domestic market. As a result, Merticao was able to survive the loss of its primary market because of _____ in global trade.
A. reduced risk
B. access to factors of production
C. ease of storage of goods
D. inflow of innovation
Answer: A
You might also like to view...
FDIC insurance covers a depositor up to
A. $10,000. B. $50,000. C. $100,000. D. $250,000.
The developers of proprietary software make the source code of their software public.
Answer the following statement true (T) or false (F)
Albert, Billy, and Cathy share profits and losses of their partnership as 1:4:3, respectively. If the net income is $30,000, calculate Albert's share of the profits. (Do not round any intermediate calculations.)
A) $7500 B) $11,250 C) $15,000 D) $3750
Being abruptly transferred to a very different foreign country can lead to what is called ______, which can lead to unknowingly using inappropriate behaviors.
a. ethnocentric shock b. culture shock c. parochial shock d. expatriate shock