Some Workers Receive Higher Incomes Because They Have Greater Physical

question 116

True/False

Some workers receive higher incomes because they have greater physical strength,have greater training or are working in industries where the value of the product produced is greater.

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Definitions:

Import/Export

The business of trading goods and services across international borders, involving the shipment of products from a country of origin (export) and bringing in goods from abroad (import).

Licensing

The process of leasing a legally protected entity (such as a trademark, patent, or technology) for the purpose of generating revenue.

High Cost Reductions

Strategic measures aimed at significantly lowering the expenses incurred by a business or organization.

Transnational Strategy

A multinational corporation’s approach that combines global integration with local responsiveness.