In the context of global marketing, when a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity, it is known as a__________
Fill in the blanks with correct word.
ANSWER: joint venture
In an international joint venture, the domestic firm buys part of a foreign company or joins with a foreign company to create a new entity. Joint ventures are somewhat similar to licensing agreements.
Business
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A term loan ________.
a. is typically unsecured b. may contain restrictions or covenants c. is based on past operating history and a firm's high probability of repayment d. All of these
Business
What are nonfinancial rewards, and what are the benefits of implementing nonfinancial rewards?
What will be an ideal response?
Business