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Key IT Products has decided to retain its computer design,human resources,and marketing departments at its corporate office.But to cut costs and increase speed,it outsources many other functions such as production in Canada,accounting in a neighboring city,warehousing and distribution across town.Many components are manufactured overseas.This is an example of a matrix structure.
World Trade Organization
An international organization that regulates international trade between nations, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.
United Nations Committee
A subsidiary body of the United Nations established to perform specific tasks, such as overseeing human rights or environmental protocols.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name on it.
Unconditional Promise
A pledge or commitment that does not depend on any conditions or stipulations for its fulfillment.
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