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Intellectual Property Includes

question 197

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Intellectual property includes

Understand the concepts of continuous improvement and standard work practices in TPS, lean operations, and JIT systems.
Understand the key approaches and perspectives in psychology, including structuralism, functionalism, cognitivism, and psychodynamic theory.
Identify the foundational figures and their contributions to the development of psychology, such as Wilhelm Wundt, Edward Titchener, and Sigmund Freud.
Apply the basic principles of cognitive psychology to understand thought, reasoning, and problem-solving.

Definitions:

Foreign Direct Investment

Investment by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Insourcing

involves bringing processes or services back in-house, which were previously outsourced to external companies.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business operation.

Foreign Subsidiary

A company that is owned or controlled by another company, known as the parent company, but operates in a country different from where the parent company is established.

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