Asked by Tarja Singh on May 18, 2024
Verified
Statement I: The Japanese drove American TV manufacturers out of business.
Statement II: The general procedure for the attainment of Japanese dominance in a particular field is to gain complete control of the home market and then to gain control of the larger American market.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Japanese Dominance
A period or concept where Japan excels or has excelled significantly in certain industries or economic sectors, outperforming competitors.
- Scrutinize the theoretical assumptions and practical outcomes of protectionism and free trade within a worldwide setting.
- Analyze the influence of geopolitical and economic considerations on the movement of international trade.
Verified Answer
KA
Kathryn AthanasakosMay 18, 2024
Final Answer :
C
Explanation :
Both statements reflect historical trends in the electronics industry. Japanese companies did indeed become dominant in the TV manufacturing sector, significantly impacting American manufacturers. The strategy of securing the home market before expanding internationally, particularly into the American market, has been a common approach among Japanese firms.
Learning Objectives
- Scrutinize the theoretical assumptions and practical outcomes of protectionism and free trade within a worldwide setting.
- Analyze the influence of geopolitical and economic considerations on the movement of international trade.