Ericsson Is a Swedish Telecommunications Firm

question 124

Multiple Choice

Ericsson is a Swedish telecommunications firm.GCCT is a French electronics switch manufacturer.With the use of Ericsson's money and technology and GCCT's knowledge of the French market,the two companies created a new entity and beat out AT&T for a $100 million contract with the French government.The relationship between the two companies is an example of:

• A) contract manufacturing
• B) exporting
• C) direct investment
• D) contract bidding
• E) a joint venture

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Definitions:

Nonperformance

The failure to fulfill a contractual obligation or carry out an agreement as specified.

Combust

The process of burning or igniting a substance, resulting in light, heat, and often combustion products like gases or ash.

Subside

Decrease in intensity or severity, often referring to something undesirable like pain, noise, or emotions.

Scope Of Employment

relates to actions taken or tasks performed by an employee that fall within the duties and responsibilities of their job, and for which an employer may be legally responsible.