In the 21st century, consumers feel more empowered to complain online but luckily, those complaints rarely go viral

Which of the following is true about joint venturing?

A) Management contracting is highly risky for the domestic firm. B) Contract manufacturing gives significant control to the domestic firm. C) Licensing is a highly complex method for entering global markets. D) A host country partner is necessary for selling or marketing products. E) Companies are required to invest in the construction of foreign-based facilities.

Which of the following is a factor that determines a product's life cycle stage?

A) the length of time the product sits in the warehouse before shipping B) the product's benefits and the importance of the needs it fulfills C) the competitors' compensation structure for salespeople D) changes in the product's production method E) the length of time a product has been around