Yue became fascinated with America during the year she lived there when her father was the ambassador
Now she's bringing a taste of the country to her hometown in China—and earning big profits—with a fast food store boasting a famous U.S. brand name. What is Yue's likely endeavor?
A) joint venture
B) foreign subsidiary
C) foreign license
D) franchise
E) importer
Answer: D
Explanation: D) It is common for fast food companies to offer foreign franchises. The franchisees benefit from the brand recognition and company know-how, and pay a fee and percentage of profit to the U.S. company.
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Which of the following must be included in the registration statement?
A) judgments passed by the SEC on the merits of the securities offered B) how proceeds from the offering will be used C) date of termination of the initial public offering D) maximum number of times a share can be sold post issue
Achieving effective marketing in an advanced economy is simplified by the fact that producers are separated from consumers in only two ways: time and space.
Answer the following statement true (T) or false (F)