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Suppose that Mexico and Canada form a free-trade area and Canada begins importing steel from Mexico rather than from Germany.There occurs:
Strong Corporate Vision
A clear, inspiring, and forward-looking statement or concept that guides an organization towards its future objectives and strategies.
Global Company
a business that operates in multiple countries around the world, often managing production, marketing, and distribution on an international scale.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.
Licensing
An agreement whereby a licensee obtains the rights to use the licensed property of a licensor under specified conditions, often seen in software, franchise businesses, and intellectual property.
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