Match the Term with Its Definition

question 22

Multiple Choice

Match the term with its definition.
-Insights, gained from experience, that lead to improved work performance

• 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:

Collusive Agreements

Arrangements between firms or countries to limit competition, set prices, or regulate market entry, often considered illegal or anti-competitive in many jurisdictions.

Prisoner's Dilemma

A situation in game theory where two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Oligopolies

Market structures characterized by a small number of firms controlling a large majority of the market share and having significant impact on prices and production.