Match the Term with Its Definition

question 107

Essay

Match the term with its definition.Some terms may not be used.
a.Economic risk
b.Experience curve efficiencies
c.Foreign licensing
d.International franchising
e.International outsourcing
f.International strategic alliance
g.Learning effects
h.Licensee
i.Licensor
-Per-unit savings gained from repeated production of the same product

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Definitions:

Expected Value

A statistical measure that calculates the average outcome of a random variable or process, factoring in all possible values and their probabilities.

Efficient Allocation

The distribution of resources in such a manner that it's impossible to improve anyone's condition without worsening someone else's.

Risk Diversified

The strategy of spreading investments across various assets to reduce exposure to risk in any single area.

Expected Income

The amount of income an individual anticipates or forecasts to receive over a certain period.