BUS419
Question: comprises of uncontrollable forces that have their roots in the home country and these influence the cycle and development of the firm
Answer: Demestic environment
Question: Modem day mercantilism is called
Answer: economic nationalism
Question: according to Ball et al (2002) is the sum of all the forces surrounding and influencing life and develop of the firm
Answer: Environment
Question: The model was produced as an alternative to the Ricadian model of basic comparative advantage
Answer: Heckscher ohlin
Question: Merchantilism era ended in the late
Answer: 1700s
Question: argued that under free unregulated trade, each nation should specialise in producing those goods it could produce most efficiently
Answer: Adam Smith
Question: consists of transactions that are devised and carried out across national borders
Answer: International business
Question: International trade in Nigeria includes
Answer: export and import
Question: The theory of argues that each nation should specialise in producing those goods it could produce most efficiently
Answer: absolute advantage
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