What is an international joint venture?
A) an international agreement between two or more companies to have access to each other's patents
B) the ownership of a company by two or more companies, of which at least one is a foreign company where the venture is located
C) an international agreement between two or more firms for the use of a trademark
D) an agreement between two or more organizations to share management expertise
B
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Southern Security makes safes for storing valuables. When Ed sold safes for the company, he would deal with a prospect's concerns such as the cost of the safe and then ask, "Are you ready to purchase a safe for your family, or are there other
concerns that we need to discuss?" When Ed asked this question, he was ________. A) using a last objection close B) fostering a transactional relationship C) anticipating objections D) engaging in the approach stage of the creative selling process E) using a standing-room-only close
An organization with a ________ maintains arm's-length relationships with vendors and is primarily focused on reducing the total spending
a. supply management orientation b. procurement orientation c. value orientation d. buying orientation