How does the NAFTA seem to increase the international competitiveness of U.S. and Canadian firms?
a) It gives them access to scarce natural resources hitherto unavailable.
b) It increases tariff barriers making the North American market less attractive to Asian companies.
c) It allows them to take advantage of lower labor costs in Mexico.
d) It gives them production bases in South American markets such as Brazil and Argentina.
Ans: c) It allows them to take advantage of lower labor costs in Mexico.
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An FI is net long in foreign assets if it holds more foreign liabilities than foreign assets.
a. true b. false
Intercom, Inc together with its subsidiaries, primarily engages in the generation, transmission, and distribution of electric power in the United States. The company observes that its growth has stagnated over a period of two years
In an attempt to promote growth, it considers adding new features to the existing products and introducing a few new products. The company forms a committee consisting of three top executives, one of the production mangers, a few operational managers, and a representative of the HR department to generate ideas. This team is called a(n) ________. A) virtual team B) venture team C) fundamental team D) elemental team E) transitory team