Global Marketing Strategies Questions and Answers Grade A+ 2023

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Licensing agreement - -a firm gives another firm the right to produce and market its product in return for royalties -Strategic Alliance - -relationship between two firms seeking a deeper commitmen... t in a foreign market -Direct Investment - -a company expands at a deeper level through outright ownership of a business in another country -Developing Countries - -countries where the economy is shifting from an agricultural to industrial emphasis -Least Developed Country - -country at the lowest stage of economic development -GDP - -total annual dollar value of goods/services produced by a nation within its borders -Embargo - -prohibits specified goods from entering or leaving a country -Tariffs - -taxes on imported goods [Show More]

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