Executives at KBH Enterprises Are Considering the Idea of Entering

question 52

Multiple Choice

Executives at KBH Enterprises are considering the idea of entering the Taiwanese market through a licensing agreement. Which of the following factors is LEAST relevant to the firm's assessment of the Taiwanese market?

• A) current size of market
• B) potential size of market
• C) foreign exchange in market
• D) legal and political environment in market

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Definitions:

Implied Warranty

A legal doctrine that automatically provides certain guarantees from the seller to the buyer, suggesting that the product or service is fit for its intended purpose.

UCC Section

a specific provision or part of the Uniform Commercial Code, which is a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.

Express Warranty

A seller's promise or guarantee that a product will meet a certain level of quality and reliability, explicitly stated in a contract or by implication through advertising.

Res Ipsa Loquitur

A legal doctrine that allows for the presumption of negligence in a case where the accident occurring is the type which normally does not happen in the absence of negligence.