Final answer:
Franchising is a form of exporting to less-developed countries where a franchisor allows a franchisee to use its business model and brand. The Dutch used legitimate trade, piracy, and smuggling to become an economic powerhouse in the Caribbean. The shift of clothing manufacturing from the U.S. to China exemplifies changes brought by globalization. Option B is correct.
Step-by-step explanation:
A form of exporting to less-developed countries that is characterized by a mutual arrangement where one party (the franchisor) grants another party (the franchisee) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications is called franchising. The franchisee typically pays a one-time franchise fee plus a percentage of sales revenue as royalty, and gains access to a proven business model and support.
The Dutch practiced all of the following practices in establishing themselves as an economic powerhouse in the Caribbean: legitimate trade, piracy, and smuggling. This multifaceted approach allowed them to dominate commerce and expand their influence in the region during the 17th century.
Many clothing corporations have shut down their U.S. factories and relocated to China. This is an example of the global shift in manufacturing bases due to factors such as cheaper labor, more flexible production capabilities, and to be closer to emerging markets. This phenomenon is related to the broader concept of globalization, which includes various aspects such as integrating governments, cultures, and finance through international trade.
One aspect that is not considered a part of globalization is integrating child care through international trade, as this is not typically a focus of international economic policies.