Complete the Following Using the Terms Listed

question 6

Multiple Choice

Complete the following using the terms listed.
-_____ refers to selling goods abroad at a price lower than that charged in the domestic market.

• 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:

Original Owner

The first or initial owner of an item, property, or intellectual property right.

Ownership

The state or fact of being the legal possessor or holder of an item, property, or asset.

Producing

The action of making, creating, manufacturing, or bringing something into existence.

Purchasing

The process of acquiring goods or services to accomplish the goals of an organization or individual.