Distinct Advantages of _______________ Are Low Development Costs and Risks

question 20

Multiple Choice

Distinct advantages of _______________ are low development costs and risks.

• A) wholly owned subsidiaries and exporting
• B) exporting and turnkey projects
• C) joint ventures and wholly owned subsidiaries
• D) franchising and licensing
• E) mergers and acquisitions

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Definitions:

Pension Administration

The management and operation of a pension plan, including enrollment, funding, and benefit disbursement to retirees.

HR Functions

The diverse activities performed by the human resources department, including recruiting, training, employee relations, and benefits management.

HR Professionals

Individuals specializing in human resource management, focusing on recruitment, employee relations, payroll, benefits, and compliance.

Economies of Scale

Cost advantages realized by an entity as its production output increases, leading to lower costs per unit due to factors like operational efficiency and bulk buying.