The market-entry strategy whereby a foreign company partners with a domestic firm to create a new entity and thus allows the domestic firm to enter the foreign company's market is referred to as ________ ________.
Fill in the blank(s) with the appropriate word(s).
joint venture
Joint ventures are riskier than exporting, licensing, or franchising because a new firm is created by the domestic firm and a foreign company.
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Bertha, a surgeon, performed a kidney transplant on one of her patients. The surgery was not successful and the patient did not survive. Which of the following statements is true in this case?
A) Bertha cannot be held strictly liable as she is providing a service. B) Bertha can be held strictly liable for the death of her patient. C) Bertha and the medical staff assisting in the surgery are strictly liable for the death. D) The donor of the kidney can be held strictly liable for the death of the patient.
A firm's ability to compete through people depends on its ability to manage human capital.
Answer the following statement true (T) or false (F)
A license is the revocable right of a person to come onto another person's land.
Answer the following statement true (T) or false (F)
Price fixing means
A. a firm consciously setting its prices. B. pricing a product that will be sold in a foreign market at a level below the cost of production. C. selling products of like grade and quality to different buyers at different prices. D. competitors getting together to raise, lower, or stabilize prices. E. changing a price that was set at the wrong level by the financial manager.