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GEB6366 MIDTERM EXAM 2025 QUESTIONS AND ANSWERS Globalization - ....ANSWER ...-the widening set of interdependent relationships among people from different parts of a world divided into nations international business - ....ANSWER ...-all commercial transactions that take place between two or more countries offshoring - ....ANSWER ...-transferring domestic production abroad to serve the home market at a reduced cost merchandise exports and imports - ....ANSWER ...-tangible goods sent in and out of the country turnkey operations - ....ANSWER ...-An agreement under which a contractor completes a project, then hands it over in fully operational form to the client, which needs to do nothing but "turn a key" to set it in motion service exports and imports - ....ANSWER ...-intangible products sent in and out of the country management contracts - ....ANSWER ...-one firm provides personnel to perform management functions for the other royalties - ....ANSWER ...-another word for export earnings ...©️ 2025, ALL RIGHTS RESERVED 1