Match the term with its definition.
-Small companies launched with cross-border business activities in mind

Question

Quizplus · Accepted Answer

Born-global firms are small companies that are launched with cross-border business activities in mind.

Answer: F 
 A letter of credit is a financial document that guarantees payment from a buyer to a seller.

Answer: C 
 Counterfeit activity refers to the production and sale of fake or imitation goods, often without proper authorization or licensing.

Answer: D 
 Economies of scale refer to the cost advantages that come with increased production or output.

Answer: E 
 An exchange rate is the value of one currency in relation to another currency.

Answer: G 
 Political risk is the risk of financial or other losses that can occur when doing business in volatile or risky political environments.

Answer: H 
 Royalties are payments made to the owner(s) of a particular product or intellectual property, such as a patent or copyright.

Answer: A 
 A bill of lading is a document that serves as proof of shipment and receipt of goods.

Match the Term with Its Definition