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

question 49

Multiple Choice

If a firm's core competency is based on control over proprietary technological know-how, ________ and ________ arrangements should be avoided 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:

Cultural Difference

Variations in the customs, beliefs, practices, and social behavior between different societies or groups, often leading to diverse worldviews and ways of life.

Internal Attribution

The process of assigning the cause of behavior to internal characteristics, such as personality or disposition.

Self-Enhancement

The desire to maintain and increase the positivity of the self-concept.

Unrealistically Positive Views

An excessively optimistic outlook or perception of oneself or situations, often ignoring realistic or negative aspects.