Suppose Igrushka estimates the demand for wooden dolls in France as 75,000 toys per year. Based on the curves AVC France and ATC Subsidiary, what is Igrushka's best strategy? O. Reassess the market potential in France. O License production technology to a French firm. O Establish a subsidiary factory in France. Suppose that Igrushka found a way to acquire capital at a lower cost than that paid by the French firm. Which of the following best describes how Igrushka's decision making may change? O The decision to license instead of forming a subsidiary will occur at a higher level of output. O The decision to form a subsidiary instead of licensing will occur at a lower level of output. O The subsidiary becomes completely inefficient at a lower level of output.

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The Cuckoo rice cooker, made by the Cuckoo Company, Inc., is an electric rice cooker that promises perfectly made rice with each use. When the rice is done, a jingle plays (in this case, a silly rhyming song, "Your rice is done, so it's time to have some, you no longer have to wait, so go get your plate."). It is unique in that many of its components are from abroad: the voice that sings the jingle was recorded by the SingMore Company in Korea, the constructed steel body of the rice cooker is made by the FunPots Company in the United States, the rice scooper is produced by the ScoopMore company in Taiwan, and the full assembly of the rice cooker is completed in China by the Cuckoo Company, Inc., which also distributes it to retailers in North America.   The entire process of the creation of the Cuckoo rice cooker, as described, is best illustrated by which of the terms?

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