What Are the Different Ways in Which a Firm Can

question 20

Essay

What are the different ways in which a firm can benefit from global expansion?

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Definitions:

Mediation

A dispute resolution process involving a neutral third party who helps the conflicting parties reach a voluntary, mutually acceptable agreement.

Arbitration

A method of dispute resolution where a neutral third party, called an arbitrator, makes a binding decision to settle a dispute.

Judicial Review

The process by which a court examines the actions of public sector bodies to ensure they are lawful and constitutional.

Appeal

The process of challenging a decision in a higher court or authority in hopes of overturning or modifying the original decision.