Final answer:
Ownership of coal and iron ore mines enables a company to keep raw material costs and profit margin under control, which stabilizes cash flows and profitability. These resources are most closely related to resource-seeking as a key economic advantage according to Dunning's eclectic theory of foreign direct investment (FDI).
Step-by-step explanation:
Ownership of coal and iron ore mines enables a company to keep raw material costs and profit margin under control, which stabilizes cash flows and profitability. These resources are most closely related to resource-seeking as a key economic advantage according to Dunning's eclectic theory of foreign direct investment (FDI).
In Dunning's theory, resource-seeking FDI is when a company invests in a foreign country to access and exploit specific resources that are scarce or unavailable in their home country. By owning mines in countries like Kazakhstan and Liberia, ArcelorMittal can secure a steady supply of coal and iron ore, reducing their dependence on external suppliers and maintaining control over raw material costs. This helps the company maintain steady cash flows and profitability.