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The Samsung Group Sells Several Different Product Lines Around the World

question 72

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The Samsung Group sells several different product lines around the world through home appliance and electronics stores. Samsung appliances and electronics have been historically made in Korea, where the company is headquartered. Recently, Samsung has been investigating the possibility of buying land and building a production plant in Tennessee, in the United States. Samsung is now operating as a(an) ______; however, if the plant is built in Tennessee, it will be operating as a(an) ______.


Definitions:

Permanently Attached

Items that are fixed securely to a property in such a way that removing them would cause damage to the property or the items themselves.

Irrevocable Right

An irrevocable right refers to a legal entitlement or permission that cannot be withdrawn, cancelled, or revoked by the grantor once granted.

License

A revocable right to temporarily use another’s property.

Property

Assets or possessions, either tangible or intangible, owned by individuals or entities.

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