As in the Case of Siebel Systems (Now Part of Oracle),elements

question 21

Multiple Choice

As in the case of Siebel Systems (now part of Oracle) ,elements of a global strategy may facilitate the competitive advantage of differentiation by

• A) increased freedom of individual business units to adapt to local tastes.
• B) the creation of a worldwide network to achieve consistent service regardless of location.
• C) flexibility in applying research and development to meet country-specific needs.
• D) tailoring products to meet country-specific needs.

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Definitions:

Breach of Contract

A violation of the terms or conditions as stated in a contract, which may result in legal action or penalties against the party at fault.

Fair Market Value

The price at which property would sell for on the open market between a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts.

Valid Consideration

An essential element in the formation of a contract, referring to something of value (such as goods, services, or money) exchanged by the parties that induces them to enter into the agreement.

Illusory Consideration

An apparent promise or agreement that lacks a real commitment and therefore does not form a binding contract.