To ____________S the Minimum That a Firm Has to Do

question 35

Multiple Choice

To ____________s the minimum that a firm has to do to engage in international business.

• A)export or import
• B)invest directly in operations in another country
• C)establish joint ventures or strategic alliances with companies in other countries
• D)licence products to companies in other countries

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Definitions:

Act-Learn-Build

A process approach that emphasizes action-oriented learning and building iteratively on results to develop new products, services, or businesses.

Social Entrepreneurship

The pursuit of entrepreneurial ventures with a major emphasis on achieving social goals and positive externalities.

Not-For-Profit

A tax status granted to companies performing functions deemed by Congress to be socially desirable that exempts them from income tax and, in some cases, allows them to receive tax-deductible donations.

Entrepreneurial Spirit

An attitude and approach characterized by innovation, risk-taking, and the ability to see and seize opportunities for business or personal gain.