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1) country factors, technological factors, and product factors, all influence the decision
of where to produce.
2) a big impediment to exporting is the simple lack of knowledge of the opportunities
available.
3) in theory, wto rules should ensure that a free trade agreement results in trade
diversion.
4) the theories of international trade claim that promoting free trade is generally in the
best interest of an individual firm, although it may not always be in the best interests of
a country.
5) because of the fact that everyone benefits from economic integration, it is easy to
achieve and sustain.
6) a strategic commitment can be reversed by the top management according to their
convenience.
7) the louvre accord pledged to support the stability of exchange rates around their 1987
levels by intervening in the foreign exchange markets when necessary to buy and sell
currency.
8) a current trend in international business is the growth of medium-sized and small
multinationals, known as mini-multinationals.
