Reel Graphics,Inc

question 18

Multiple Choice

Reel Graphics,Inc.,agrees to assume a debt of Suave Marketing Company to Town Credit Union.This promise is for Reel's benefit.To be enforceable,the promise

• A)must be in writ?ing.
• B)must be in writ?ing only if the debt is valued at $500 or more.
• C)must be in writing only if the debt will not be repaid within one year.
• D)need not be in writing.

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Definitions:

Liability of Foreignness

The challenges and costs associated with operating in a market outside of a company's home country, including cultural differences and unfamiliar regulatory environments.

Import Tariffs

Taxes imposed by a government on goods and services imported into a country, used to control trade and protect domestic industries.

Global Demand

The total demand for a product or service across all countries and regions around the world.

Liability of Foreignness

This concept describes the challenges and additional costs that companies face when entering and operating in foreign markets, as opposed to their home countries.