Term
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Definition
| using more capital than labor in the production process |
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Term
| global marketing standardization |
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Definition
| production of uniform products that can be sold the same way all over the world |
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Term
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Definition
| largest latin american trade agreement |
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Term
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Definition
| an agreement to dramatically lower trade barriers worldwide |
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Term
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Definition
| when a domestic firm buys part of a foriegn firm to create a new entity |
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Term
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Definition
| the sale of an exported product at a price lower than that charged for the same or a like product in the "home" market |
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Term
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Definition
| a form of trade in which all parts of the payment for goods and services is in the form of other goods or services |
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