Business and trade
by Orly Espindola
1. 5. strategic alliance:is an arrangement between two companies that have decided to share resources to undertake a specific, mutually beneficial project.
2. 6. subsidiary: is a company with voting stock that is more than 50% controlled by another company, usually referred to as the parent company or the holding company. A subsidiary is partly or completely owned by the parent company, which holds a controlling interest in the subsidiary company.
3. With these concepts i can make my conclusion that a company can be necessary to a country if they make think people thaht their product is necessary for their lifes.
4. Nations decide whether they should export or import goods based on comparative advantages. Generally, nations can consume more by specializing in a good and trading it for other goods. When countries decide which country will specialize in which product, the essential question becomes who could produce the product at a lower opportunity cost.
5. 1. import: to bring in (merchandise, commodities, workers, etc.) from a foreign country for use, sale, processing, reexport, or services.
6. 2. export: to send or transmit (ideas, institutions, etc.) to another place, especially to another country.
7. 3. outsourcing:to send or transmit (ideas, institutions, etc.) to another place, especially to another country.
8. 4. joint ventures: to establish or enter a joint venture or partnership.
