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Vernon Argues That Pioneering Firms Kept Production Facilities Closer to the Market

Question 94

Multiple Choice

Vernon argues that pioneering firms kept production facilities closer to the market and centers of decision making because:


A) of the uncertainty and risks inherent in introducing new products.
B) they believed that foreign production facilities were inferior in technical skills.
C) they believed that U.S.labor costs were much lower than those in foreign markets.
D) earlier U.S.governments were critical of outsourcing production to other countries.

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