Define a joint venture and list some of the advantages and disadvantages
What will be an ideal response?
In a joint venture, foreign investors and local investors share ownership and control. A joint venture may be necessary or desirable for economic or political reasons. The foreign firm might lack the financial, physical, or managerial resources to undertake the venture alone; or the foreign government might require joint ownership as a condition for entry. Joint ownership has certain drawbacks. The partners might disagree over investment, marketing, or other policies. Joint ownership can also prevent a multinational company from carrying out specific manufacturing or marketing policies on a worldwide basis.
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During an external information search, a consumer is most likely to enlarge his search and consider more alternative brands when:
a. he has a great deal of prior experience while shopping for the product or service. b. the perceived risk of the product or service to be purchased increases. c. he is confident of making a purchase decision with the information at hand. d. the product or service to be bought is a frequently purchased, low-cost item.
The first step in a planning approach is to create specific sub-goals that help us achieve a major broad goal
Indicate whether the statement is true or false.
Releasing a product with known safety problems for sale to the public is an ethical breach
Indicate whether the statement is true or false
When a group of competitors conspire to prevent the carrying on of business or to harm a business it is a(n):
a. strike b. exclusive deal c. lock out d. tie in e. none of the other choices