Question: Define the Following Key Terms and Concepts and Answer the Following Questions E-Commerce, Exchange Rate, Exporting, Franchising, Global Economy, Global Outsourcing, Importing, Joint Venture, Multinational

Define the Following Key Terms and Concepts and Answer the Following Questions E-Commerce, Exchange Rate, Exporting, Franchising, Global Economy, Global Outsourcing, Importing, Joint Venture, Multinational Corporation, Offshoring, Outsourcing, Sanction and Wholly-Owned Subsidiary. 1. What are three important developments in globalization? 2. What are five reasons companies expand internationally, and what are five ways they go about dong this expansion? 3. What are some barriers to international trade

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