Action Toys Is Considering Entering a New Market in Central

question 85

Multiple Choice

Action Toys is considering entering a new market in Central America and is thinking of establishing a marketing subsidiary.Which of the following facts should be of concern to the firm?

• A)Local contract manufacturers are difficult to find.
• B)Local licensees are difficult to find.
• C)Local laws require the use of a local agent.
• D)Tariffs on toys are low.

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Definitions:

Anti-Imperialist League

Coalition of anti-imperialist groups united in 1899 to protest American territorial expansion, especially in the Philippine Islands; its membership included prominent politicians, industrialists, labor leaders, and social reformers.

Unrestricted Minting

The process of producing coins in unlimited quantities without regard to the economic consequences, such as inflation or the devaluation of currency.

Silver Money

Currency that is minted from silver, historically used as standard money in many economies before the adoption of gold standards or fiat currency systems.

William Jennings Bryan

William Jennings Bryan was a leading American politician and orator of the late 19th and early 20th centuries, known for his advocacy for populism, prohibition, and his three unsuccessful presidential campaigns.