Examlex
Discussions should not always be work related.
Product
An item or service created through a process and offered to a market to satisfy a want or need.
Joint Venture
A joint venture is a strategic alliance where two or more parties, usually businesses, form a partnership to share markets, intellectual property, assets, knowledge, and profits.
Contractual Arrangement
An agreement between two or more parties that creates enforceable obligations and rights for each party, often documented legally.
Foreign Firm
A company that is based, incorporated, or originates in a country different from the market it operates in or sells its products to.
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Q247: The _ approach emphasizes the search for