10/21/23,
11:16
AM
MindTap
-
Cengage
Learning
2.
a
relatively
low-risk
business
operation
that
involves
penetrating
foreign
markets
(by
exporting)
or
importing
merchandise
(of
all
kinds)
at
competitive
prices
for
domestic
consumption
1.
the
potential
financial
loss
that
entrepreneurs
are
willing
to
take
in
a
business
4,
the
practice
in
which
the
parent
firm
is
obligated
to
provide
specialized
equipment
and/or
service
(e.g.,
product
specification
and
adaptation,
pricing,
promotion,
and
distribution
strategies),
and
sometimes
to
fund
some
startup
costs,
to
franchisees
in
return
for
an
annual
fee
3.
the
practice
in
which
a
company
or
individual
provides
the
foreign
partner
with
the
technology
(patented
technology,
copyright,
process,
trademark,
etc.)
to
manufacture
and
sell
products
or
services
in
a
target
country
for
an
annual
license
fee
6.
a
business
that
is
jointly
owned
and
operated
by
two
or
more
firms
(usually
one
from
the
host
country
and
the
other
from
another
country)
that
pool
their
resources
(labor,
capital,
technology,
and
management)
to
penetrate
host
country
markets,
generate
and
split
profits,
and
share
commercial
risk
5.
an
agreement
between
two
or
more
firms
that
do
not
involve
the
creation
of
a
separate
entity
with
joint
ownership
and
in
which
the
firms
stand
to
gain
revenues
and
maximize
profits
through
cooperation
for
a
given
period
of
time
8.
new
facilities
built
and
operated
overseas
that
require
large
investment
of
capital
because
these
new
establishments
are
tailored
to
the
exact
needs
of
the
home
country
firm
7.
purchase
of
established
firms
abroad
with
the
goal
of
using
the
existing
production,
marketing,
and
distribution
networks
and
of
having
instant
access
to
foreign
markets
that
fit
the
purchasing
firm's
global
strategy
10.
to
maximize
the
net
present
value
of
future
cash
flows
of
foreign
investment
adjusted
for
exchange
rate
movements
or
to
maximize
profits
so
that
shareholders
could
receive
larger
dividends
and
see
their
share
prices
rise
over
time
9.
firms
that
are
headquartered
in
one
country,
but
own
and
control
manufacturing,
services,
R&D
(research
and
development)
facilities,
or
other
business
entities
on
foreign
soil
https://ng.cengage.com/static/nb/ui/evo/index.htmi?deploymentld=607677244550125977223880162&eISBN=9780357717042&snapshotld=3629777&...
2/4
