Match the Term with Its Definition

question 64

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
-Selling a standard package of products,systems,and management services to a company in another country

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Definitions:

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to fulfill a contractual obligation.

Unconscionable

Refers to something that is extremely unfair or unjust, often to the extent that it shocks the conscience.

Consequential Damages

Indirect or secondary losses suffered as a consequence of a breach of contract, not directly related to the breach but a result of the specific circumstances of the plaintiff.

Woodworking

The craft of making objects, structures, or sculptures by shaping, cutting, and joining wood.