Multi-Domestic Industries

question 35

Multiple Choice

Multi-domestic industries

• A)are distinguished by their focus on products for the domestic sector.
• B)have very high transport costs.
• C)supply standard products around the world with instructions in the local language.
• D)internationalize though direct investment.

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Definitions:

Oral Contract

An agreement made through spoken words rather than written documentation, which can be legally binding in some cases.

Statute of Frauds

The Statute of Frauds is a legal doctrine that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Oral Evidence

Testimony given by a witness in court or during a legal proceeding that is spoken and not written.

Written Contract

A legally binding agreement between two or more parties that is put in writing and signed by the parties.