An Entry Strategy in Which a Firm Maintains Complete Ownership

question 99

Multiple Choice

An entry strategy in which a firm maintains complete ownership of its plants, operational facilities, and offices in a foreign country is called:

• A)a strategic alliance.
• B)a joint venture.
• C)franchising.
• D)licensing.
• E)direct investment.

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Definitions:

MPs

Members of Parliament, elected officials who represent constituencies and have legislative responsibilities in the national government.

Purely Competitive Conditions

A market structure characterized by many buyers and sellers, where each seller offers an identical product, leading to price taken as given by individual sellers due to the market's competition.

Marginal Product Data

Information that shows the additional output generated by adding one more unit of a factor of production, holding all else constant.

Purely Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and no barriers to entry or exit, which leads to competitive pricing.