If an MNE Wishes to Maintain Innovation-Based Firm Heterogeneity (Being

question 23

Multiple Choice

If an MNE wishes to maintain innovation-based firm heterogeneity (being different from other firms) , which of the following best describes a potentially successful strategy?

• A) Invest much more in a centralized, close-knit R D
• B) Spread R D work across different locations and teams around the world
• C) Outsource R D to other firms
• D) Make alliances with other firms that have strong R D departments

Identify enforceability and validity of contracts based on the circumstances and parties involved.

Recognize defenses to contract enforceability including unconscionability, intoxication, and minor status.

Distinguish between different types of contracts and clauses including adhesion, exculpatory, and severable contracts.

Understand the implications of fraudulent activities and misrepresentations in contract formation.

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Definitions:

Near-term Activities

Tasks or projects that are scheduled to be completed or take place in the immediate future.

Overall Strategies

Comprehensive approaches taken by businesses to achieve their long-term objectives and ensure growth.

Tactical Planning

Implementing the activities specified by strategic plans.

Hurricane

A type of tropical cyclone characterized by low-pressure centers, strong winds, and heavy rain, capable of causing significant weather-related disasters.