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The Grummond Group Buys Air Conditioner Components in Industrialized Countries

Question 38

Multiple Choice

The Grummond Group buys air conditioner components in industrialized countries and sells them to business customers in developing countries where the air conditioners are assembled. Grummond is most likely classified as a(n)


A) trading company.
B) strategic alliance.
C) joint venture.
D) licensee.
E) exporter.

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