1 3. ____ refers to the number and variety of products and services a company of

Question

13. ____ refers to the number and variety of products and services a company offers, as well as the number and variety of regions, countries, and markets it serves.

a.

Economies of scale

b.

Market potential

c.

Scope

d.

Development stage

ANS:                          

14.   One of the earliest, and still one of the most powerful, motivations for U.S. companies to invest abroad relates to ____: obtaining raw materials, labor, and other resources at the lowest possible cost.

a.

factors of production

b.

economies of scope

c.

economies of scale

d.

technological factors

ANS:                          

15.   Which stage is export-oriented and in a competitive position?

a.

Multinational

b.

Global

c.

Domestic

d.

International

ANS:   

a.

Economies of scale

b.

Market potential

c.

Scope

d.

Development stage

Explanation / Answer

13 C. scope

14 a . factors of production

15 d. international

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