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In 2016, the G20 country that spent the highest percentage of its GDP on R&D was ________.
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.
Local Market
A market within a specific geographical area where goods and services are exchanged within the local community.
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