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Which wind system would assist with sailing from Mexico to Vietnam?
Currency Exchange Rate
The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.
Licensing
A business arrangement in which one party allows another to use its trademark, patent, or technology in exchange for a fee or royalty.
Franchising
A method of doing business wherein a franchisor licenses trademarks and proven methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage of gross sales or gross profits as well as the annual fees.
Indirect Exporting
The process of selling products to a foreign market through an intermediary, such as an export trading company or an export management company, rather than directly to the consumer or retailer.
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