Examlex
Nestlé was unsuccessful in early attempts to sell its chocolate in India.It discovered its chocolate bars were not suitable for the Indian markets because the candy became messy from sitting in direct sunlight without the benefit of air conditioning.Nestlé adopted an innovative strategy and developed Chocostick,a liquid chocolate,now very popular.Which management function did Nestlé use to solve its problem?
State Corporate Laws
These are laws specific to a particular state within the United States that govern the formation, operation, and dissolution of corporations within that state.
Incorporate
The process of legally declaring a corporate entity to be separate from its owners, providing protections such as limited liability.
Tax
A financial charge or other levy imposed by a government on individuals or entities to fund government spending and various public expenditures.
Individual State Laws
Laws that are enacted by each state or territory within a federation, reflecting the unique needs and preferences of its population.
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