International business

timer Asked: Oct 18th, 2013
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Question Description

2. In terms of factor proportions theory, what abundant factors does Hyundai leverage in its worldwide operations? Provide examples and explain how Hyundai exemplifies the theory.

Tutor Answer

School: Carnegie Mellon University


 It is a fact that Hyundai enjoys various advantages such as knowledge labor, inexpensive wage, low cost of input-goods (steel, tires…) which are profitably bussieness, but due to the government restrictions on imported goods, the factor proportions theory is misused.

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