Trade That Occurs Between a Parent Company and Its Foreign

question 99

Short Answer

Trade that occurs between a parent company and its foreign affiliates is called ____________.

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Definitions:

Variable Cost

A cost that varies, in total, in direct proportion to changes in the level of activity. A variable cost is constant per unit.

Fixed Cost

A cost that remains constant, in total, regardless of changes in the level of activity within the relevant range. If a fixed cost is expressed on a per unit basis, it varies inversely with the level of activity.

Planning Budget

A financial plan for a future period, outlining an organization's revenue and expenditures.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels.