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Match the Term with Its Definition

question 110

Essay

Match the term with its definition.Some terms may not be used.
a.Born-global firms
b.Cross-border acquisition
c.Exporting
d.Globalization
e.Greenfield venture
f.Importing
g.Offshoring
h.Trade intermediary
i.Trade mission
-A strategy that involved relocating operations abroad


Definitions:

Competing Products

Goods or services offered in the market that serve similar needs or desires of consumers, often leading to a choice preference based on price, quality, or other attributes.

Technological Advance

The progress or improvement in technology, leading to more efficient processes, products, or services.

Production Process

is the series of steps or operations involved in the manufacture of goods or services.

Short-Run Adjustments

Refers to the changes firms make in response to changing market conditions in the short term when at least one production factor is fixed.

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