The Importing of Products Involves ___

question 37

Multiple Choice

The importing of products involves ___.

• A) buying foreign-made products and selling them in domestic markets
• B) contracting to provide managerial and technical service to a foreign concern
• C) selling locally-made products in foreign markets
• D) making a direct investment in a foreign operation
• E) making products and selling them in local or domestic markets

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to the increased interconnectedness of world economies and cultures.

Male Dominance

A social system in which men hold primary power, exerting authority in roles of political leadership, moral authority, social privilege, and control of property.

Patriarchy

A social system in which men hold primary power, predominating in roles of political leadership, moral authority, social privilege, and control of property.

Personal Crisis

A critical, turning point in an individual’s life that is marked by a stressful or traumatic event leading to significant change.