A Business That Is Jointly Owned and Operated by Two

question 37

Multiple Choice

A business that is jointly owned and operated by two or more firms that pool their resources to penetrate host country markets,generate and split profits,and share commercial risk is called a(n) _____.

• A) license
• B) franchise
• C) foreign acquisition
• D) strategic alliance
• E) international joint venture

Recognize the role and influence of global justice movements and their opposition to aspects of globalization.

Comprehend the interplay between global economic policies and their effects on national economies, particularly in terms of development and underdevelopment theories.

Understand the implications of neoliberal policies on global economic structures and their critique.

Learn about the historical context and consequences of colonialism and how it relates to present-day globalization and development issues.

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Definitions:

Manufacturing Process

Involves the steps, operations, and methods employed in transforming raw materials into finished goods or products.

Specifications

Detailed descriptions of the design, materials, and performance criteria that a product, service, or project must meet.

Disqualifying Suppliers

The process of removing vendors from consideration for contracts due to failure to meet specified criteria or standards.

Competitive Advantage

An attribute or set of attributes that allows an organization to outperform its competitors.