Examlex
Define human resources management (HRM), and discuss the overall activities involved in each of its three main phases.
Joint Venture
A business agreement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project, sharing both the risks and rewards.
Direct Importing
The process by which a business buys products directly from a foreign country to bring into its home market, bypassing any middlemen.
Indirect Exporting
A method of exporting goods through intermediaries, rather than directly from the producer to the foreign buyer, often involving export agents or trading companies.
Tariffs
Taxes imposed by a government on imported or exported goods.
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