What Type of International Expansion Did BMW Engage in When

question 21

Multiple Choice

What type of international expansion did BMW engage in when it built production lines in the United States?

• A) totally owned facilities
• B) joint venture
• C) licensing
• D) franchising

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Definitions:

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.

Income Tax

Income tax is a tax levied by governments on individuals or entities based on their income or profits, with rates varying according to income levels.

Consumption

Households utilizing products and services for their needs.

Horizontal Equity

The principle that individuals with similar income and ability should be treated equally by the taxation system, ensuring fairness.