Contractual Entry Modes Are Equity Arrangements That Involve the Transfer

question 10

True/False

Contractual entry modes are equity arrangements that involve the transfer of technology and/or skills to an entity in a foreign country.

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Definitions:

Polycentric

In the context of international business, polycentric refers to a strategy or approach where a company adapts its products, practices, and policies to fit the local cultures and conditions of the countries in which it operates.

Transnational Company

A corporation that operates in multiple countries, transcending national boundaries with integrated global strategies.

Global Company

A business entity that operates in multiple countries around the world, transcending national boundaries and markets.

Vision

A clear, inspiring long-term desired change resulting from an organization's work, guiding its strategic planning and decision making.