When It Built Production Lines in the United States, BMW

question 148

Multiple Choice

When it built production lines in the United States, BMW engaged in what type of international expansion?

• A) totally owned facilities
• B) joint venture
• C) strategic alliance
• D) indirect investment
• E) exporting

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Definitions:

Balance Sheets

Financial statements that summarize a company's financial position, including assets, liabilities, and shareholders' equity at a specific point in time.

Swaps

Financial agreements to exchange or "swap" cash flows or other financial instruments between two parties, typically involving interest rates, currencies, or commodities.

Index Futures

Financial contracts to buy or sell a financial index at a predetermined future date and price.

Short Position

An investment strategy where an investor sells a security that he does not own at the time of sale, typically borrowing it, and hopes to buy it back later at a lower price.