Match the Term with Its Definition

question 2

Multiple Choice

Match the term with its definition.
-A strategy that involves accessing foreign business operations through contracts with independent providers

• 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

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Definitions:

GDP

Gross Domestic Product represents the total market or monetary value of all completed goods and services made within the confines of a nation over a certain time period.

Chinese Economy

The Chinese Economy is characterized by a mixture of state-owned enterprises and a rapidly growing private sector, operating within a socialist market economy framework.

Rapid Development

The speedy progress of economic and social advancement within a country or region, often characterized by technological innovation and infrastructure growth.

Economic Development

The process of improving the economic well-being and quality of life through targeted initiatives aimed at increasing income levels, reducing poverty, and promoting sustainable growth.