The Two Kinds of Cooperative Contracts in Global Business Are

question 55

Multiple Choice

The two kinds of cooperative contracts in global business are:

• A) exporting and importing.
• B) joint ventures and consortia.
• C) strategic alliances and wholly owned affiliates.
• D) licensing and franchising.

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Definitions:

LIFO Method

An inventory valuation method called "Last In, First Out" where the most recently produced items are recorded as sold first.

Ending Inventory

The aggregate worth of merchandise available for purchase at the closing of an accounting cycle.

Brown Bears

Large omnivorous mammals found across parts of northern Eurasia and North America, known for their thick fur and powerful build.

Markup

The amount added to the cost price of goods to cover overhead and profit; calculated as a percentage of the cost.