List the five features of the legal environment of business
What will be an ideal response?
The five features of the legal environment of business are:
1. Critical thinking skills;
2. Legal literacy;
3. An understanding that the law is dynamic, not static;
4. Real-world problems; and
5. Interdisciplinary nature.
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In the graph below, the area between the lines AC and OB to the right of point E represents ________
A) fixed costs B) breakeven point C) operating loss D) operating income
Which of the following is not an appropriate guideline for companies selecting independent distributors in international markets?
A) Select distributors; don't let them select you. B) Look for distributors capable of developing markets. C) Give local distributors control over marketing strategy. D) Treat local distributors as long-term partners. E) All of the above are appropriate guidelines.