Whirlpool Took a 53% Stake in the Dutch Electronics Group

question 19

Multiple Choice

Whirlpool took a 53% stake in the Dutch electronics group Philips's white-goods business to leapfrog into the European market.This is an example of a ________.

• A) straight extension
• B) joint venture
• C) contract manufacturing agreement
• D) license
• E) franchise

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Definitions:

Hierarchies

Systems of organization where entities are ranked according to levels of importance or status.

Psychodynamic Defense Mechanisms

Strategies employed by the unconscious mind to protect the individual from anxiety and unacceptable thoughts and feelings, delineated within psychodynamic theories of psychology.

Maladaptive

Behaviors or thoughts that may be counterproductive or inhibit a person's ability to adjust healthily to particular situations.

External Stressors

Events or situations outside of an individual that cause stress or emotional strain, such as work demands or family issues.