True/False
Porter's National diamond updates the theory of comparative advantage by integrating firms' development of resources and capabilities into a theory of factor and demand conditions, rather than relative (and fixed) factor endowments
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Internationalization occurs through two mechanisms:<br>A)Direct investment and
Q11: What is "cross-subsidization"?<br>A)Another name for price discrimination<br>B)Another
Q12: In the fast food industry, why are
Q13: Major benefits of a global strategy can
Q14: Internationalization of a large firm can lead
Q16: Internationalization increases rivalry pressures because,:<br>A)The number of
Q18: The three fundamental international business activities are
Q19: Porter's national diamond can be used to:<br>A)Predict
Q20: Where should a firm locate its activities?
Q25: Comparative advantage refers to countries' relative efficiencies