ch 10 the importance of the growth of multinationals

Question 1

commodities

Answer 1

products that are bought and sold

Question 2

patent

Answer 2

legal documents giving a person or company the right to make or sell a product, new intention, or method of doing something, stating that no other person or company is allowed to do this

Question 3

ventures

Answer 3

new business activities that involves taking risks

Question 4

currency reserves

Answer 4

foreign currency held by a country and used to support its own currency and to pay for import and exports debt

Question 5

human capital

Answer 5

people and their skills

Question 6

enterprise

Answer 6

the activity of starting and running a business

Question 7

exploitation

Answer 7

situation where you treat someone unfairly by asking them to do things for you and giving them very little in return

Question 8

repatriation

Answer 8

where a multinational return its profits from an overseas venture to the country where it is based, typically from a developing country to a developed country