Ricardo's model of comparative advantage assumed all of the following EXCEPT
a. trade is balanced, thus ruling out flows of money between nations.
b. firms make production decisions in an attempt to maximize profits.
c. free trade occurs between nations.
d. labor is immobile within a country, but is incapable of moving between countries.
d. labor is immobile within a country, but is incapable of moving between countries.
You might also like to view...
Research has found that, similar to human relationships, people find comfort and satisfaction with brands to which they are loyal
Indicate whether the statement is true or false
The _______ furnishes extensive consultation and advice, customization of offerings, frequent face-to-face encounters with supplier personnel, and a complete range of value-added services
a. efficient, low-cost transactional experience b. high-touch, consultative experience c. flexible, multi-access-point experience d. one-stop shopping experience
When trying to change a problem culture, management should undertake such steps as
A. identifying facets of the present culture that are supportive of good strategy execution and which ones are not and then specifying what new actions, behaviors, and work practices are needed in the new culture to improve performance. B. selecting a team of key employees to lead the culture change effort and design a plan for cultural change. C. drawing up an action plan to change the present culture and then persuading company personnel why this plan of action is good and will be successful. D. conducting an employee survey to determine the organization's cultural norms and what company personnel like and dislike about the current culture. E. employing a consultant with expertise in culture change and following his or her advice on how to proceed.
How can employees give knowledgeable responses to customers' questions?
What will be an ideal response?