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a multinational firm may need to delegate marketing functions to national subsidiaries
to be responsive to local differences in distribution channels.
decentralized production is favored if differences between countries in factor costs have
a substantial impact on the costs of manufacturing in various countries.
lean production covers a range of manufacturing technologies designed to reduce setup
times for complex equipment.
the term society is another name for a country; each country has a single society.
anecdotal comparisons suggest that the assertion that nations that invest more in
education will have higher growth rates is true.
strategic trade policy suggests that a government should use subsidies to support
promising firms that are active in newly emerging industries.
