Examlex
In a short essay, describe the three key types of focal firms, and explain how their value chain enables international business.
Two-way
A method or process involving mutual feedback, communication, or interaction, where both parties contribute to the exchange.
One-way
A mode of communication or interaction that involves a message being sent from one party to another without expecting or allowing for a direct response or feedback.
Large Firms
Corporations or businesses that have a significant number of employees, a large volume of sales, or substantial assets.
Small Firms
Businesses characterized by a limited number of employees, often viewed as more agile but with lesser resources compared to larger corporations.
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