According to Williamson (1997), the Strategies Necessary for Any Firm

question 7

Multiple Choice

According to Williamson (1997) , the strategies necessary for any firm wishing to compete successfully in Asian markets include:

• A)Build walled cities
• B)Control the bottlenecks
• C)Bring market transactions in-house
• D)All of the above
• E)Options B and C only

---

Definitions:

Third-Party Claim

A claim made by a defendant against someone who is not already a party to the lawsuit, asserting that this "third party" is actually liable for the plaintiff's damages.

Privity of Contract

A principle indicating that only the parties involved in a contract have the rights and obligations arising from it.

Buyer's Obligation

A purchaser's duty to pay the agreed price for goods or services and to comply with the terms of the contract of purchase.

Credit Sale

A transaction where goods or services are provided in exchange for a promise to pay at a later date.