1 | Page
D270 Midterm Garcia Questions and Correct
Answers
Offshoring Ans: the relocation of business processes and services
to a lower-cost foreign location particularly white-collar, technical,
professional, and clerical services
Outsourcing Ans: A decision by a corporation to turn over much
of the responsibility for production to independent suppliers.
Turnkey Operation Ans: A company sets a contract with a
company abroad, trains local personnel, and then turns the key
over to local management for a fee. allows host country to use
their trademark, brand
management contract Ans: home country hires a host country to
hire, train, manage workers for their work and pays them a fee for
dealing with operations overseas. less risk, less costly, less
complex
Foreign Direct Investment Ans: investor takes controlling
investment in foreign country
joint venture Ans: an agreement between two or more companies
to share an FDI
© 2025 All rights reserved
, 2 | Page
change agent Ans: someone who is a catalyst in helping
organizations to deal with old problems in new ways. can also be
brands changing culture/brands in a country
opinion leaders Ans: individuals who exert direct or indirect
social influence over others. influencers
Reshoring Ans: moves jobs back from foreign to domestic
locations
Microprocessor Ans: The central processing unit that is generally
made from a single integrated circuit.
Agglomeration Ans: Clumping together of industries for mutual
advantage.
licensing agreement Ans: an agreement in which one firm gives
another firm the right to produce and market its product in a
specific country or region in return for royalties
Royalties Ans: A percentage of actual sales that a licensee pays to
a licensor, usually anywhere from 5 to 15 percent
prestige Ans: a high standing achieved through success or
influence or wealth etc.
Acquired Group Membership Ans: Defined by choice (political,
professional, religion)
© 2025 All rights reserved
D270 Midterm Garcia Questions and Correct
Answers
Offshoring Ans: the relocation of business processes and services
to a lower-cost foreign location particularly white-collar, technical,
professional, and clerical services
Outsourcing Ans: A decision by a corporation to turn over much
of the responsibility for production to independent suppliers.
Turnkey Operation Ans: A company sets a contract with a
company abroad, trains local personnel, and then turns the key
over to local management for a fee. allows host country to use
their trademark, brand
management contract Ans: home country hires a host country to
hire, train, manage workers for their work and pays them a fee for
dealing with operations overseas. less risk, less costly, less
complex
Foreign Direct Investment Ans: investor takes controlling
investment in foreign country
joint venture Ans: an agreement between two or more companies
to share an FDI
© 2025 All rights reserved
, 2 | Page
change agent Ans: someone who is a catalyst in helping
organizations to deal with old problems in new ways. can also be
brands changing culture/brands in a country
opinion leaders Ans: individuals who exert direct or indirect
social influence over others. influencers
Reshoring Ans: moves jobs back from foreign to domestic
locations
Microprocessor Ans: The central processing unit that is generally
made from a single integrated circuit.
Agglomeration Ans: Clumping together of industries for mutual
advantage.
licensing agreement Ans: an agreement in which one firm gives
another firm the right to produce and market its product in a
specific country or region in return for royalties
Royalties Ans: A percentage of actual sales that a licensee pays to
a licensor, usually anywhere from 5 to 15 percent
prestige Ans: a high standing achieved through success or
influence or wealth etc.
Acquired Group Membership Ans: Defined by choice (political,
professional, religion)
© 2025 All rights reserved