ROC Engineering, a Chinese Shipbuilding Company, Agrees to Build a Fleet

question 51

Multiple Choice

ROC Engineering, a Chinese shipbuilding company, agrees to build a fleet of submarines for the Sri Lankan navy, for which it will be paid in the local Sri Lankan currency. As per the agreement, ROC must also spend a substantial amount of the money it generates through this deal within the country. In accordance with the contract, ROC buys Sri Lankan tea at a reduced rate. This is an example of which of the following forms of countertrade?

• A) descending bid
• B) offset
• C) barter
• D) compensation deal
• E) buyback arrangement

Understand the role of time, space, and transformation in globalization according to Giddens.

Grasp Michel Foucault's theories on power, knowledge, and the discipline of the body.

Discern the concept of privilege and how it is maintained through societal structures.

Assess the development and importance of racial identity theories.

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Definitions:

Newspapers

Printed publications consisting of folded unstapled sheets and containing news, articles, advertisements, and other information.

Prestige Pricing

A pricing strategy where prices are set higher than average to create a perception of exclusivity and high quality.

Quality

The degree to which a product, service, or process meets specified standards or fulfills customer needs and expectations.

Odd Pricing

A pricing strategy where goods are priced just below a round number, e.g., $1.99 instead of $2.00, to make the price seem more attractive to consumers.