E x ercises Ⅰ
Comprehension1. Answer the following questions 1) Which stage of the chair manufacture adds more value to the output
椅子生产在哪个阶段增加了其产出的价值
Answer: (P48 11-12 行) Downstream activities
2)What is vertical integration(垂直一体化)
Answer: (P48 表 1 上数 4-6 行) When a firm expands its value added activities along the same value chain either by acquiring an existing (现存的)operation,or setting up a greenfield(未开发的) subsidiary
3)What is equity-based cooperative agreement
什么是股权基础上的合作协议
Answer: (P51 第 2 段 2-5 行) It involves not just a transfer of control over some of the partner ,they imply some transfer of ownership ,through FDI ,of at least one of the 1participating firms to the other
4) Are all transactions conducted between two firms inter-firm cooperative agreements
两个公司间的交易