In Determining Why a Firm Becomes Multinational There Are Many

question 64

True/False

In determining why a firm becomes multinational there are many reasons. One reason is that the firm is a knowledge seeker. They operate in foreign countries to exploit existing technological expertise.

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Definitions:

Obligations

Duties or responsibilities imposed by law, contract, or moral imperatives, often requiring action or forbearance.

Frustrates Contract

Describes a situation where unforeseen events make the fulfillment of a contract impossible, excusing all parties from their obligations and terminating the contract.

Breach

A violation or infraction of a law, agreement, or set of rules.

Unforeseeable Loss

Losses that could not be predicted or expected under normal circumstances, often excluding them from contractual liability.