Imperial Inc., an Irish semiconductor manufacturer, sources germanium, a raw material used in the production of semiconductors, from China. It takes advantage of differences across countries by treating them as business opportunities. This scenario best exemplifies _____.

A) arbitrage
B) privatization
C) franchising
D) licensing

Arbitrage

The search for deals on production factors across geographic boundaries.

Semiconductor Manufacturer

A company involved in the production of semiconductors, crucial components used in electronic devices to control electrical current.

Germanium

A chemical element with the symbol Ge and atomic number 32, used as a semiconductor in electronics.