A __________ Is a Form of Retrenchment in Which a Corporation

question 2

Multiple Choice

A __________ is a form of retrenchment in which a corporation decides to set up one or more of its business units as a separate company rather than selling it.

• A)Merger
• B)Acquisition
• C)Spinoff
• D)Selloff

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Definitions:

International Trade

The trading of products, services, and money across the borders or territories of different countries.

Merchandise Exporting

The act of sending goods produced in one country to be sold in another country.

GATT

The General Agreement on Tariffs and Trade, an international trade treaty designed to boost economic recovery after World War II by reducing or eliminating trade barriers such as tariffs and quotas.

International Trade

The exchange of goods and services between countries.