GLO BUS CHAPTER 7 EXAM QUESTIONS AND ANSWERS 100% CORRECT!!
comparative advantage - ANSWER the ability to produce a good at a lower opportunity cost than another producer contract manufacturing - ANSWER private label manufacturing by a foreign company exports - ANSWER goods sold to other countries foreign direct investment - ANSWER a capital investment that is owned and operated by a foreign entity foreign subsidiary - ANSWER a company owned in a foreign country by another company, called the parent company international franchise - ANSWER agreement in which a domestic company (franchiser) gives a foreign company (franchisee) the right to use its brand and sell its products. international joint ventures - ANSWER a partnership of two or more participating companies that have joined forces to create a separate legal entity international strategic alliance - ANSWER an organizational relationship that allows companies in different countries to pool resources and share risks as they enter new markets
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