____ refers to the time and effort spent learning the rules of a new market.
A. First mover advantages
B. Strategic commitments
C. Pioneering costs
D. Market entry costs
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____ is the ultimate decision making body of the European Union.
A. European Council
B. European Parliament
Court of Justice
D. European Commission
____ is found in states where political power is monopolized by a party according to religious principles.
A. tribal totalitarianism
B. right-wing totalitarianism
C. theocratic totalitarianism
D. communist totalitarianism
Firms that are involved in international business tend to be()
A. large
B. small
C. medium-sized
D. large, small, and medium-sized
What is the rate of return the firm makes on its invested capital?()
A. Profit growth
B. Profitability
C. Net return
D. Value created