Whirlpool Took a 53% Stake in the Dutch Electronics Group

question 19

Multiple Choice

Whirlpool took a 53% stake in the Dutch electronics group Philips's white-goods business to leapfrog into the European market.This is an example of a ________.

• A) straight extension
• B) joint venture
• C) contract manufacturing agreement
• D) license
• E) franchise

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Definitions:

Low Morale

Refers to a general feeling of dissatisfaction, disappointment, or lack of enthusiasm among employees within an organization.

Expected Number

A statistical term referring to the average or mean value anticipated in a probability distribution or experiment outcome.

Breakdowns

Refers to the failure of a system, process, machinery, or equipment, leading to a halt in operations or productivity.

Routine Inspections

Regular, scheduled examinations or checks of equipment, facilities, or processes to ensure they are in good condition and comply with standards.