QUESTION IMAGE
Question
introduction: match each word or term with its correct definition.
integrate
globalization
multinational corporation
outsourcing
interdependence
cutting labor costs by employing workers in a foreign country
the process through which nations exchange products and ideas
to combine parts into a whole
the relationship in which national economies rely on one another
a company that has business operations in several nations
Brief Explanations
Each term is matched to its standard definition in global business/economics:
- "Integrate" means to combine separate parts into a unified whole.
- "Globalization" refers to the cross-national exchange of goods, ideas, and culture.
- A "Multinational corporation" operates business activities across multiple countries.
- "Outsourcing" often involves hiring foreign workers to reduce labor costs.
- "Interdependence" describes the mutual reliance between national economies.
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- Integrate → To combine parts into a whole
- Globalization → The process through which nations exchange products and ideas
- Multinational corporation → A company that has business operations in several nations
- Outsourcing → Cutting labor costs by employing workers in a foreign country
- Interdependence → The relationship in which national economies rely on one another