An MNC Uses Which International Strategy for Entering a Foreign

question 92

Multiple Choice

An MNC uses which international strategy for entering a foreign market by combining the higher labor skills and technology available in the developed countries with the lower cost labor available in the developing countries?

• A) licensing
• B) joint ventures
• C) production sharing
• D) exporting
• E) acquisitions

Recognize the significance of personal liability and asset protection in business decisions.

Differentiate between general partners and limited partners in terms of liability and operational control.

Explain the process and implications of business franchising, including the rights and responsibilities of franchisors and franchisees.

Understand the principles of agency and the implications for business management and liability.

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Definitions:

Discipline and Punish

A work by Michel Foucault that examines the history of the penal system, and proposes that discipline creates "docile bodies" suited for the economic requirements of capitalism.

Torturing of Prisoners

The act of inflicting severe pain or suffering on detainees, often to obtain information or as a form of punishment.

Discipline and Punish

A concept exploring the relationship between power, control mechanisms, and social behaviour, especially in the context of prisons.

Torturing of Prisoners

refers to the act of inflicting severe pain or suffering on detainees, often to extract information or as a form of punishment, widely considered a violation of human rights.