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Internationalization Is the Process by Which Firms Leverage Their Resources

question 8

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Internationalization is the process by which firms leverage their resources and capabilities across borders and coordinate their marketing and manufacturing strategies


Definitions:

United Nations

An international organization founded in 1945, composed of sovereign states, aimed at promoting peace, security, and cooperation among nations.

Acceptance To A Contract

The act of agreeing to the terms of a contract, thereby completing the process of its formation.

Additional Terms

Additional clauses or stipulations added to a contract or agreement that are not part of the original proposal or negotiation.

Merchant

A person who is engaged in the purchase and sale of goods. Under the Uniform Commercial Code, a person who deals in goods of the kind involved in the sales contract; for further definitions, see UCC 2–104.

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