A(n)________ Refers to a JV Among Companies in Different Countries

question 39

Multiple Choice

A(n) ________ refers to a JV among companies in different countries.

• A)international joint venture
• B)equity joint venture
• C)global joint venture
• D)transnational joint venture

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Definitions:

Average Variable Cost Curve

A graphical representation that shows the change in variable cost per unit of output as the level of production is altered.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, leading to cost per unit of output decrease with increasing scale.

Average Fixed Costs

The constant expenses in production, which remain unchanged regardless of output levels, when divided by the volume of output created.

U-shaped

A description often used in economics to describe the graphical representation of a situation where certain costs initially decrease, reach a minimum, and then start to increase as output expands.