According to the product life-cycle theory, the high cost of U.S. labor gave U.S. firms an incentive to:
A. lower costs of services to offset a fall in demand.
B. develop cost-saving process innovations.
C. invite foreign direct investment in domestic industries.
D. embrace and promote open market capitalism.
E. import new consumer products and export agricultural products.
B
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A firm's cash position would most likely be hurt by
A) increasing the net profit margin. B) retiring outstanding debt. C) decreasing excess inventory. D) establishing stricter (shorter) credit terms
Madonna is a famous singer; as such, she may select to settle her estate through a trust because of which reason(s)?
A) Trusts are harder to challenge. B) Trusts reduce estate taxes. C) Trusts provide confidentiality. D) Trusts allow for professional management. E) All of the above