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Figure 1.2
Using the figure above, identify the labeled part.
-Label T: ______________________________
Licensing
The act of granting permissions to individuals or entities to use patented or copyrighted material, trademarks, or technology owned by another party, under agreed terms and conditions.
Variation
Differences in products, services, or processes that distinguish them from others in the same category.
Direct Investment
The purchase or acquisition of a controlling interest in foreign business enterprises, typically involving significant management and ownership.
Global Market Entry Strategy
A planned method of delivering goods or services to a new target market and establishing a presence in a foreign country.