Strictly speaking, a (n) ________ is an entry strategy for a single target country in which the partners share ownership of a newly created business entity
A) acquisition
B) licensing
C) franchising
D) joint venture
E) exporting
D
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Which of the following methods considers the percentage of completion of beginning work-in-process?
A) FIFO B) weighted average C) both weighted average and FIFO D) neither FIFO or weighted average
If an instrument is payable jointly using the word "and," both persons' indorsements are necessary to negotiate the instrument
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Although very common a few hundred years ago, the barter system no longer exists in our modern world. 2. Money is anything that is commonly accepted as a means of payment for goods and services. 3. Money must be in the form of minted coins or paper. 4. Money has two basic functions: a medium of exchange and a measure of relative value. 5. Money has one function: a medium of exchange.
Which of the following is a sales-oriented pricing objective?
A. nonprice competition B. target return C. meet competition D. market share growth E. profit maximization