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Jean was extremely happy that she had finally passed the certified public accountant exam and had landed a great job with a big accounting firm. As she was celebrating with family and friends, Jean recalled several other happy memories in her life. Jean's recall of other happy memories is an example of:
Nonequity Modes
International business arrangements that do not involve the exchange of ownership shares, such as licensing agreements and management contracts.
Equity Modes
Methods or strategies employed in acquiring ownership or stakes in companies.
Liability of Foreignness
The additional costs and risks that firms operating in a foreign country incur, compared to domestic firms.
Administrative Differences
Discrepancies in management practices, regulations, or procedures within or between organizations.
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