5. Explain how basic/traditional service firms and emerging Rps service firms ar

Question

5. Explain how basic/traditional service firms and emerging Rps service firms are indespenable to the competitive operation of TNCs. Give three concrete examples of this.Will international trade in service continue to grow as a share of global GDP in the 21st century? Why or why not?
5. Explain how basic/traditional service firms and emerging Rps service firms are indespenable to the competitive operation of TNCs. Give three concrete examples of this.Will international trade in service continue to grow as a share of global GDP in the 21st century? Why or why not?
5. Explain how basic/traditional service firms and emerging Rps service firms are indespenable to the competitive operation of TNCs. Give three concrete examples of this.Will international trade in service continue to grow as a share of global GDP in the 21st century? Why or why not?

Explanation / Answer

The rapid expansion of transnational and multinational corporations (TNCs) during the past 30 years has raised new questions about the nature of competitiveness and global competition.

A firm possesses certain specific advantages not possessed by competing firms of other nationalities.

Such advantages are most suitably exploited by firm itself rather than by selling or leasing them to other firms.

It must be more profitable for the firm to exploit its assets in overseas, rather than in domestic, locations.

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