The Terms of the ________ Must Be Defined and Reasonably

question 52

Multiple Choice

The terms of the ________ must be defined and reasonably certain.

• A)offer
• B)consideration
• C)payment
• D)None of the above

---

Definitions:

Direct Investment

The purchase or acquisition of a controlling interest in foreign business enterprises, typically involving significant management and ownership.

Global Market Entry Strategy

A planned method of delivering goods or services to a new target market and establishing a presence in a foreign country.

International Sales

The practice of selling products or services beyond a company's domestic borders, into foreign markets.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.