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The Following Statement Is True About Globalization, According to the Text

question 27

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The following statement is true about globalization, according to the text:


Definitions:

Life Insurance

A type of insurance that protects people against the financial losses that occur with premature death.

Franchising

A business model that allows individuals to own and operate a branch of a larger company using its brand name, systems, and processes.

Start-Up Cost

Initial expenses required to establish a business, including equipment, permits, and marketing.

Absolute Control

A situation where all power and decisions rest with one entity or individual, without any external influences or checks.

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