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Question
The board of directors of Sports Stuff is concerned with the firm's lack of experience in foreign markets. To minimize this problem, Herb recommends that the firm create a ________ with a local partner.A) joint venture
B) turnkey project
C) wholly owned subsidiary
D) franchise
Answer
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Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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A) increased labor costs for companies
B) lower workers' wages in developed nations
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Explain how technological innovation has benefitted entrepreneurs.
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B) The government considers banking sector as important to national security.
C) The country has never experienced threats against its long-term stability.
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A) large uncertainty avoidance
B) low power distance
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B) a person's position in society depends upon his educational qualifications and achievements
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A) Strict product liability laws
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