​In the Context of Global Marketing,when a Domestic Firm Buys

question 53

Multiple Choice

​In the context of global marketing,when a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity,it is known as a _____.

• A)countertrade
• B)​franchise
• C)​joint venture
• D)common trade alliance

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Definitions:

Social Pressure

The influence that is exerted on an individual or group by another individual or group, encouraging conformity to behaviors, beliefs, or values.

Excessive Time

Spending more time than is necessary or advantageous on a task or activity, potentially leading to inefficiency or burnout.

Powerful Coalition

An alliance of influential groups or individuals formed to achieve a specific goal or undertake a project.

Implementing Decision

The phase of the decision-making process where the chosen course of action is put into action to achieve intended outcomes.