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As discussed in the text,M4 Science Corporation recently signed an international distribution agreement with Fukuda Corporation of Japan.The power that M4 has in this agreement is referred to as which of the following?
Standardization
The process of developing and implementing technical standards to ensure the compatibility, safety, and quality of products or services.
Insurance Policies
Contracts between an insurer and a policyholder that stipulate the terms under which the insurer agrees to compensate the policyholder for loss related to specific events or hazards.
States
Political entities within a country, having a defined territory, government, and certain sovereign rights.
Contract Law
The branch of legal study that deals with the formation, enforcement, and interpretation of agreements between parties.
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