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Briefly describe how national differences in compensation can affect an international business.
Substantial differences exist in the compensation of executives at the same level in various countries. These differences raise the question: Should the firm pay executives in different countries according to the prevailing standards in each country, or should it equalize pay on a global basis?
Puffing
Puffing refers to the exaggerated or hyperbolic comments or opinions made by salespeople about a product or service, not considered legally binding promises.
Written Express Warranty
A clearly stated promise by a seller regarding the condition, performance, or quality of a product, documented in a written format.
Warranty Disclosure
The act of revealing or making known any warranties, guarantees, or conditions related to a product or service.
Activate Warranty
The process of making a warranty valid or enforceable, often by registering a product or service with the manufacturer or provider.
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