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Standard costs are based solely on actual costs incurred in past.
Trade Surplus
A situation where a country's exports exceed its imports over a given period, indicating a net inflow of domestic currency from foreign markets.
Foreign Direct Investment
Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country.
Automobile Factory
A manufacturing facility dedicated to producing automobiles, encompassing assembly lines and machinery specific to vehicle production.
Foreign Direct Investment
A company or individual from one country investing in another country by either setting up business operations or buying business assets there.
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