MGCR 382 Study Guide - Final Guide: Accounts Receivable, Overseas Private Investment Corporation, Human Capital

• School: McGill University
• Department: Management Core
• Course: MGCR 382
• Professor: Hermann Juergens

Document Summary

Comparative advantage with money you are better off specializing in what you do relatively best. Saudi arabia large crude oil reserves: ex. Modern firm-based trade theories firm-based theories have developed for several reasons: the growing importance of mnc"s in the post-war international economy, the inability of the country-based theories to explain and predict the existence and growth of intraindustry trade. Owning intellectual property rights a firm that owns intellectual property rights often gains advantages over its competitors. Investing in research and development: r&d is a major component of the total cost of high-technology products, computer industry, pharmaceutical industry, semiconductor industry allows a company to maintain competitiveness large entry costs in the industry. Exploiting the experience curve for certain types of products, production costs decline as the firm gains more experience in manufacturing the product: experience curves may be so significant that they govern global competition in an industry, ex.