Which of the Following Is the Preferred Strategy When a Company's

question 14

Multiple Choice

Which of the following is the preferred strategy when a company's competitive advantage is based on technology and the company wishes to enter the global marketplace?

• A)exporting
• B)licensing
• C)franchising
• D)creating a joint venture
• E)creating a wholly owned subsidiary

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Definitions:

Business Cycle Peaks

The points in time at which an economy transitions from an expansion to a recession, marking the highest point of economic activity before downturn.

Last Recession

Refers to the most recent period of significant decline in economic activity across the economy, lasting more than a few months.

Winter

The coldest season of the year, occurring between autumn and spring.

Disinflation

A slowdown in the rate of inflation, marked by a gradual decrease in the general price level of goods and services over time.