Business Finance
International business

Question Description

I need an explanation for this Business question to help me study.

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.

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Final Answer

Answer:

 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.

aazam (267)
Carnegie Mellon University

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