According to the Opening Case,until 2003,JCB Entered the Indian Market

question 27

Multiple Choice

According to the opening case,until 2003,JCB entered the Indian market in what way?

• A) exporting
• B) importing
• C) franchising
• D) licensing
• E) joint venture

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Definitions:

Disposable Income

Households' financial resources for expenditure and savings following income tax deductions.

Savings

Money set aside for future use rather than spent immediately.

Savings

The portion of income not spent on current consumption or taxes, instead set aside for future use or investment.

Disposable Income

The money households have for spending and saving after subtracting income taxes.