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Describe the SSI-ICM Test and Why It Is Useful

question 11

Essay

Describe the SSI-ICM test and why it is useful.


Definitions:

Multinational Corporations

Companies that operate in multiple countries beyond their original or home country, often engaging in production, sales, or other operations in various international locations.

Import/Export Businesses

Companies engaged in the trading of goods and services across international borders.

Encourage Exports

Policies or incentives designed to increase a country's goods sold abroad, aiming to improve economic balance.

Currency

A system of money in general use in a particular country or economic system, facilitating the exchange of goods and services.

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