Both _____ Are Characterized by Low Development Costs and Risks

question 126

Multiple Choice

Both _____ are characterized by low development costs and risks.

• A)importing and exporting
• B)licensing and franchising
• C)greenfield investments and joint ventures
• D)wholly owned subsidiaries and exporting

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Definitions:

Regionalization

The process of dividing an area into smaller regions for administrative, economic, or cultural purposes, often to enhance governance or focus on regional specifics.

European Union

A political and economic union of 27 European countries that are tied by a common market and customs union, allowing for the free movement of people, goods, services, and capital.

Living on $1

Refers to the challenge or condition of surviving on one dollar per day, highlighting extreme poverty faced by individuals in some regions.

McDonaldization

Refers to the process by which the principles of fast-food restaurants are coming to dominate more and more sectors of society, promoting efficiency, calculability, predictability, and control.