LVMH Uses All of the Following Entry Methods in Its

question 102

Multiple Choice

LVMH uses all of the following entry methods in its international operations except ________.

• A) acquiring small foreign firms
• B) entering licensing agreements
• C) establishing franchises
• D) exporting products

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Definitions:

Decision Making

The cognitive process of selecting a course of action from multiple alternatives.

Management Hierarchy

The arrangement of individual roles, responsibilities, and authority within an organization, forming a structured leadership framework.

Technical Skills

Specific abilities or expertise in a particular field or job, often related to technology, engineering, or science, requiring specialized knowledge.

First-line Managers

Managers who are directly responsible for overseeing the work of entry-level employees and typically have direct contact with employees.