Hong Kong is relatively abundant in labor, while Canada is relatively abundant in capital. In both countries, the production of shirts is relatively more labor intensive than the production of computers. According to the factor-endowment theory, Hong Kong will have a(n)
a. absolute advantage in the production of shirts.
b. absolute advantage in the production of computers.
c. comparative advantage in the production of shirts.
d. comparative advantage in the production of computers.
c. comparative advantage in the production of shirts.
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Target costing is a variation of cost-based pricing models that reverses the normal procedure for a cost-based pricing model
Indicate whether the statement is true or false
The manager of Big Brand Clothing wants to determine what items consumers are looking for this Christmas so that he can plan his orders. He decides to collect data for the purpose by stationing employees outside the store on a particular Saturday with a list of questions to ask willing shoppers to answer as they pass by. In this case, the manager is using a ________ sampling method to select respondents.
A. systematic B. random C. probability D. stratified E. nonprobability
According to the Vogel's Approximation Method, the initial solution would give to cell B2 a loading of ________
Fill in the blank with correct word.
________ are most appropriate when a firm already has the appropriate knowledge and capabilities that it can leverage rather easily through multiple locations in many countries.
A. Strategic alliances B. Joint ventures C. Licensing agreements D. Wholly owned subsidiaries