In the Context of the Strategies That Organizations Adopt for Competing

question 45

True/False

In the context of the strategies that organizations adopt for competing in the international environment, the process of making products in the domestic marketplace and then selling them in other countries is called importing.

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Definitions:

Foreign Subsidiaries

Companies owned or controlled by another company, often located in a different country than the parent corporation.

Multinational Corporation

A company that operates in several countries but has its headquarters in one country.

Foreign Direct Investment

Investment by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Insourcing

involves bringing processes or services back in-house, which were previously outsourced to external companies.