Match Each Item to the Statement or Sentence Listed Below

question 171

Short Answer

Match each item to the statement or sentence listed below.
a.exporting
b.World Trade Organization
c.infrastructure
d.exchange rate
e.tariff
f.import quota
g.dumping
h.ISO certification
i.foreign licensing
j.multinational corporation
k.global marketing strategy
l.multi-domestic marketing strategy
m.countertrade
n.joint venture
o.exchange control
p.customs union
q.Free Trade Area of the Americas
r.European Union
s.importer
t.embargo
u.franchise
-is the sale of domestically produced products in other countries.

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Definitions:

Job-Order Costing

An accounting method used to assign costs to specific jobs or orders, tracking expenses in relation to each job's production costs.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, including maintenance, utilities, and depreciation of production facilities.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead costs, but excluding indirect expenses such as distribution costs.

Balance Sheet

Balance Sheet is a financial statement that provides a snapshot of a company's financial condition at a specific time, detailing assets, liabilities, and shareholders' equity.