Many Companies Are Moving Away from International or Global Strategies

question 120

Short Answer

Many companies are moving away from international or global strategies toward a _______________ strategy, where the company's business depends heavily on its information systems and Internet technologies to help integrate global business activities.

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Definitions:

Fraud in the Inducement

A deceitful practice where one party intentionally misrepresents material facts, inducing another to enter into a contract.

UCC Statute of Frauds

A legal requirement under the Uniform Commercial Code that certain contracts must be in writing to be enforceable.

Agreed-upon Terms

The specific conditions and stipulations that are formally accepted by the parties involved in a contract or agreement.

Specially Manufactured Goods

Items that are custom-made to a buyer's specifications, making them unique and not easily resaleable in the general market.