There Are Four Stages of Globalization: Global Companies Produce Goods

question 14

True/False

There are four stages of globalization: Global companies produce goods in one country and export them to other countries, foreign subsidiaries are established to handle the exports from their own countries, operations are set up in other countries, the corporation locates their core corporate functions and top executive in different countries in order to achieve competitive advantage.

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Definitions:

Correspondence

The exchange of written communication between individuals or organizations, including letters, emails, and memos.

Thank-You

An expression of gratitude.

First-Name Basis

A relationship or interaction style where individuals address each other by their first names, indicating a level of familiarity.

Diagnostic Examination

Tests and procedures performed to identify the cause of an illness or disorder in a patient.