If a Firm Is Considering Entering a Country Where Incumbents

question 125

Multiple Choice

If a firm is considering entering a country where incumbents exist,and if the competitive advantage of the firm is based on the transfer of organizationally embedded competencies,skills,routines,and culture,then a _____ is the preferable mode of entry.

• A) greenfield venture
• B) joint venture
• C) licensing agreement
• D) franchising deal
• E) turnkey project

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Definitions:

Welfare Benefits

Welfare benefits are financial or service-based assistance provided by the government to support individuals and families in need, aiming to ensure a minimum standard of living.

Economic Contractions

Periods where an economy experiences a decline in its general economic activity, often marked by reduced GDP.

Laissez-faire

An economic philosophy of free-market capitalism that opposes government intervention in business affairs.

Economic System

The organized way a society allocates its resources and apportions goods and services in the national community.