Globalization and economic policy: Exercises Fill in the m issing letters

franchising __________________

A company (usually small or medium-sized) trades directly w ith another separate company in the foreign market. Sometimes an intermediary (eg a local agent) matches buyers and sellers and provides services like dealing with customs and documentation. Retailers often use this strategy for supplies of clothing, furniture, toys, etc_____ import / export ________________________________

A partnership in which two or more companies (often from different countries) join to undertake a major project or start a business activity. Volkswagen and General Motors entered the Chinese market through this route.______