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When Krispy Kreme decided to expand its operation internationally,it chose to first make its doughnuts available in Canada to minimize its risk.In accordance with the policy of risk minimization,the company sold the right to manufacture and sell its doughnuts to Canadians.In other words,Krispy Kreme used:
General Rule
A widely accepted standard or procedure that is typically followed in a particular field or situation.
Agent
An individual or entity authorized to act on behalf of another, often in business transactions, creating an agency relationship.
Gratuitous Agency
An agency relationship where the agent agrees to act on behalf of another party, the principal, without receiving any compensation.
Duty Of Obedience
A legal or ethical obligation requiring individuals to follow the lawful orders and policies of an organization or authority.
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