General Mills Is Concerned with Both Selling Its Products and Brands

question 211

Multiple Choice

General Mills is concerned with both selling its products and brands in countries around the world and obtaining ideas for new products from anyone anywhere who has a great product or technology. You can send General Mills your great new-product or technology idea through its Internet portal if the product or technology can

• A)fit into the General Mills or Nestlé distribution systems.
• B)be copyrighted or patented in North America and Western Europe.
• C)uniquely meet a large unmet consumer need.
• D)be a totally new product category outside of General Mills' existing product lines.
• E)facilitate the new General Mills diversification strategy by being a product or technology unrelated to consumer foods.

Appreciate the significance of income disparities between IACs and DVCs.

Evaluate the potential of international trade and investment policies to influence economic development.

Discuss the various views on the economic relationships between IACs and DVCs.

Identify the key obstacles to economic growth in DVCs.

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Definitions:

Trustee

A person or organization that holds and manages assets on behalf of others, under a legal agreement.

Distribution

The process of giving out products or goods to the final consumer or distributor.

Chapter 7 Liquidation

A bankruptcy process where a debtor's assets are sold off to pay creditors, leading to the closure of the business.

Insurance Company

A financial institution that provides various types of coverage to individuals and entities against potential future losses or damages.