Which of the following are benefits of "a cluster of firms?" Check ALL that apply.    knowledge spillovers generalized suppliers reduced periods of unemployment collusion vertically integrated firms specialized suppliers protection of intellectual property

Q: Most firms in the apparel and footwear industries choose to outsource production to countries where…

A: Intra-firm trade denotes the exchange of goods or services between entities that are part of the…

Q: Product fragmentation is a characteristic of inter-industry trade. intra-industry trade. comparative…

A: Product fragmentation refers to the process of breaking down the production process of a good into…

Q: Understand the role of cross-functional teams in promoting integration?

A: A cross-functional team is just a group of people in a company or an organization with different…

Q: Which of the following are types of regional trade agreements? Select all that apply: • economic…

A: The regional trade agreements can be defined as a treaty that is signed by two or more nations to…

Q: In industrial location theory, the following is NOT true of agglomeration effects. Agglomeration…

A: Location theory: The theory of location is related to the concept of how industries are located.…

Q: there are four (4) characteristics or term in which we can differentiate a market structure from…

A: A market is a meeting place where people can exchange goods and services. The most typical…

Q: In 1944, Churchill and Stalin agreed to a postwar division of Europe. Included in the agreement was…

A: A secret agreement during October 1844, Fourth Moscow Conference between the British prime minister…

Q: enterprete a business with 1:1 ratio and the one with 0.23:1

A: A business is an entity that is set up for production purposes , for providing services to the…

Q: Which of the following characteristic is least compatible with mercantilism economic policies? A.…

A: What is Mercantilism Mercantilism is an economic policy whereby a nation concentrates to increase…

Q: Inter-industry trade is based on comparative advantage while Intra-industry trade in differentiated…

A: Inter industry trade can be defined as the trade that happens between various industries and not…

Q: How do bargaining and command relations affect the size of profits created in a capitalist firm?

A: Let's we show that the as In a capitalist company the magnitude of the profit is affected by what…

Q: One of the methodological problems of comparative case study is called . Select one: a. diminishing…

A: Comparative case study: It refers to the case study under which analyzation of similarities,…

Q: Inter-industry trade involves trade among nations with firms producing very similar, highly…

A: Inter-industry trade happens when nations work in the production of various sorts of goods and…

Q: What industry contains the three main market structures characteristics?

A: Market structure, according to economic theory, outlines how firms are defined and classified based…

Q: The pandemic has resulted in many airlines filing for bankruptcy affecting the market structure of…

A: Consumer surplus = The price that the consumer is willing to pay - The price that the consumer…

Q: Describe the European Union (EU) and why it’s considered the most integrated economic cooperative…

A: EU (European Union) is the union in which there are 28 member countries. The aim of this union is to…

Q: Freedom of enterprise is a characteristic that is common to most economic systems. in a market…

A: Free Enterprise Free enterprise, or the free market, refers to an economy in which the market,…

Q: 37This is the penultimate step of the new product development process when feedback from consumers…

A: This type of set up where the some consumers are allowed to play before hand while launching in the…

Q: Imagine an Island a short distance off the east coast of a country. This island is called Onus, and…

A: A monopolistic market is a market structure that resembles a pure monopoly. A monopoly exists when…

Q: If Big Macs were a durable good that could be costlessly transported between countries, which of the…

A: Arbitrage: The arbitrage implies that the realization of profit if goods are bought in lower prices…

Q: Explain the nature of the national environment in which an organisation operates and its impact on…

A: The environment of an organisation comprises both aspects that it may easily alter and ones that are…