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introduction: match each word or term with its correct definition. inte…

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

Explanation:

Brief Explanations

Each term is matched to its standard definition in global business/economics:

  1. "Integrate" means to combine separate parts into a unified whole.
  2. "Globalization" refers to the cross-national exchange of goods, ideas, and culture.
  3. A "Multinational corporation" operates business activities across multiple countries.
  4. "Outsourcing" often involves hiring foreign workers to reduce labor costs.
  5. "Interdependence" describes the mutual reliance between national economies.

Answer:

  • 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