Which of the following is typically the lowest-risk approach for moving into international markets?
A. licensing
B. exporting
C. joint venturing
D. management contracting
E. direct investment
Answer: B
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The best explanation of the gains from trade that David Ricardo could provide was to describe only the outer limits within which the equilibrium terms of trade would fall. This is because Ricardo's theory did NOT recognize how market prices are influenced by
a. demand conditions. b. supply conditions. c. business expectations. d. profit patterns.
One of the appeals of social media is what?
A) The feeling of conversation B) Less need to traditional writing conventions C) The ability to create large volumes of content inexpensively and quickly D) Being able to say whatever you want on social media without anyone knowing who you are E) The high level of control over the message
Provide two examples of companies pursuing a low-cost strategy and two examples of companies pursuing a best-cost strategy and explain how their strategic targets are similar or different.
What will be an ideal response?
Bert is CEO of an organization with many layers in the chain of command. He is looking for ways to reduce these layers so that he can communicate more directly with the first-line employees. What organizational communication barrier is he trying to overcome?
A) Lack of trust between management and employees B) Long lines of communication C) Closed communication climate D) Ego involvement