By Allowing a Company to Purchase Another Existing Firm in the Host

question 91

Multiple Choice

By allowing a company to purchase another existing firm in the host country, a(n) _____ permits a largely domestic business to gain an international presence very quickly.

• A) joint venture
• B) foreign licensing agreement
• C) counter trade
• D) acquisition

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Definitions:

Incremental Innovation

The process of making small improvements or upgrades to existing products, services, or processes, rather than creating something completely new.

Radical Innovation

Innovation that fundamentally changes existing practices, products, or technologies, often creating new markets.

Creative Synthesis

The process of combining or integrating different ideas, concepts, or elements into a novel or cohesive whole.

Paradoxical Frames

The use of opposite or seemingly contradictory perspectives to understand or approach situations, often revealing new insights.