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1) Eliminate trade barriers and facilitate cross-border
movement of goods and services.

2) Promote conditions of fair competition.

3) Increase investment opportunities.

4) Provide effective protection and enforcement of
intellectual property rights.

5) Establish a framework for further regional trade
cooperation.

6) Improve working conditions in North America.

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Which of these occur when two or more companies from different countries enter into an agreement to conduct joint business activities?

International strategic alliances occur when two or more companies from different countries enter into an agreement to conduct joint business activities. Strategic alliances are often the preferred means of entry in emerging markets because they make it easier to do business in the country.

Is a partnership in which two or more companies join together and share the risk?

A joint venture involves two or more businesses pooling their resources and expertise to achieve a particular goal. The risks and rewards of the enterprise are also shared.

What is a long term partnership between two or more companies?

A strategic alliance is an arrangement between two companies to undertake a mutually beneficial project while each retains its independence. The agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.

What is business activities that occur between two or more countries?

Chapter 4 Vocabulary.