Many BRIC Local Firms Are

question 4

Short Answer

Many BRIC local firms are:
a. Effectively competing at home.
b. Launching offensives abroad.
c. Creating serious ramifications for Triad-based MNEs.
d. All of the above.
e. BRIC local firms have yet to become significant globally.

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Definitions:

Verbal Contract

An agreement between parties made through spoken words rather than in written form, still legally binding but harder to prove.

Breach

The violation or non-fulfillment of a legal agreement, duty, or contract.

Discharging

The process of fulfilling or settling a debt, obligation, or legal liability, effectively freeing one from the responsibility.

Judgment

A decision of the court.