The format of the assessment process on modules may change from semester to semester. This may not be the current format for your module. Always check with the relevant module leader what the precise, current format is before you begin to prepare for the assessment on any given module.
All questions carry equal marks.
Concerning international production, compare and contrast the transaction costs approach with Hymer's theory based on market power. Three modes of servicing foreign markets are open to international firms. To what extent can Marketing, Management and Economics be combined to give a coherent account of pricing and competition. Critically examine the ways in which the balance of payments of the host nations may be affected by foreign direct investment by multinational firms. Critically evaluate alternative theories of foreign direct investment.