Complete the Following Using the Terms Listed

question 7

Multiple Choice

Complete the following using the terms listed.
-Relocation of business processes to a lower-cost location overseas is known as ________.

• A)offshoring
• B)balance of trade
• C)joint venture
• D)Dumping
• E)Imports
• F)tariff
• G)International Monetary Fund
• H)World Trade Organization
• I)free trade area
• J)Devaluation
• K)exchange rate
• L)absolute advantage
• M)global business strategy
• N)Quota
• O)multidomestic strategy
• P)balance of payments
• Q)comparative advantage

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Definitions:

Accommodation

In psychology, it refers to the process by which individuals adjust their schemas or understandings in response to new information.

Sequential Stages

Sequential stages refer to a series of steps or phases that occur in a specific, ordered progression.

Intellectual Development

The growth and change in a person's intellectual capacities, such as thinking, reasoning, problem-solving, and understanding, throughout the lifespan.

Specific Age

A particular point or period in the life of an organism or an object, often used in the context of growth, development, or legal status.