What Is the Best Way for an Internationally Expanding Organization

question 12

Multiple Choice

What is the best way for an internationally expanding organization to gain expertise in a host country's legal requirements?

• A) gather advice from a third-country national, since they are a neutral party
• B) hire one or more host-country nationals
• C) increase the number of parent-country lawyers
• D) open a facility based on the parent-country's legal system and adjust operations as the need arises
• E) interview host-country nationals to learn how they would like facilities in their countries to be run

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Definitions:

Merchant

An individual or company engaged in the business of buying and selling goods for profit.

Misprint

An error in printing that results in incorrect text, images, or formatting being produced.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise when the promisee has reasonably relied on the promise to their detriment.

Firm Offer

A firm offer is a binding commitment made by a seller to sell goods or services at a set price for a specified period, often without requiring consideration.