Business Chapter 35 Flashcards
1
Q
Horizontal transfer
A
The transfer of knowledge across the same industry
2
Q
Repatriated profit
A
The return of the profit made by an MNC to the country where the MNC is based
3
Q
Reverse engineering
A
A method of analysing a product’s design by taking it apart
4
Q
Transfer pricing
A
A system operated by MNCs. It is an attempt to avoid relatively high tax rates through the prices which one subsidiary charges to another for components and finished goods.
5
Q
Vertical transfer
A
The transfer of knowledge, backwards or forwards, along the chain of production in the same industry
