Foreign Governments May Impose Countertrade Requirements

question 47

True/False

Foreign governments may impose countertrade requirements.

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Definitions:

Standardization

The process of establishing common standards within an industry to ensure that products and services are consistent and compatible.

Contract Manufacturer

A company hired to produce goods on behalf of another company, under the hiring company's brand name.

Flexible Manufacturing

The direction of machinery by computers to adapt to different versions of similar operations.