If a Firm's Core Competency Is Based on Control Over

question 98

Multiple Choice

If a firm's core competency is based on control over proprietary technological know-how,it should avoid _____ and _____ arrangements if possible,to minimize the risk of losing control over that technology.

• A)licensing; joint-venture
• B)wholly owned subsidiary; exporting
• C)turnkey contracts; exporting
• D)exporting; joint-venture

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Definitions:

Magnuson-Moss Act

A federal law enacted to protect consumers from deceptive warranty practices, ensuring warranties on consumer products are clear and enforceable.

UCC

Short for the Uniform Commercial Code, a standardized set of laws and regulations that govern commercial transactions in the United States.

Magnuson-Moss Act

A federal statute enacted to protect consumers from deceptive warranty practices, providing guidelines for product warranties.

Full Warranty

A comprehensive guarantee that covers the repair or replacement of defective products or parts with minimal conditions for a specified period.