Entering into a global franchise agreement exposes a company to higher risk than if the company had entered into direct investment in the country.
Answer the following statement true (T) or false (F)
False
Franchising is a contractual agreement between the firm and a local firm. In a global franchising agreement, this entails lower risks and requires less investment than if entering into direct investment in a country.
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A value added network can detect and reject transactions by unauthorized trading partners
Indicate whether the statement is true or false
The New Luxury goods category, which includes Kiehl's skin care and Kendall Jackson wine, and is based on emotions and priced between average middle-market brands and superpremium Old Luxury brands, is called accessible superpremium brands
Indicate whether the statement is true or false
Which of the following is NOT a requirement in management's report on the effectiveness of internal controls over financial reporting?
a. A statement of management's responsibility for establishing and maintaining adequate internal control user satisfaction. b. A statement that the organization's internal auditors has issued an attestation report on management's assessment of the company's internal controls. c. A statement identifying the framework used by management to conduct their assessment of internal controls. d. An explicit written conclusion as to the effectiveness of internal control over financial reporting.
Poka-yokes are ______.
a. a proactive/preventive strategy for service mistakes b. a tool to analyze service mistakes c. a mechanism that is triggered when a service mistake occurs d. a system put in place to help dissatisfied guests