In terms of the entry modes into a foreign market, a joint venture does not give an international firm the tight control over subsidiaries that might be required to realize experience curve or location economies
Indicate whether the statement is true or false.
TRUE
A joint venture, a mode of entry into a foreign market, does not give an international firm the tight control over subsidiaries that it might need to realize experience curve or location economies. Nor does it give the firm the tight control over a foreign subsidiary that it might need for engaging in coordinated global attacks against its rivals.
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Four common approaches to determine R&D budget allocations are: (1 ) finance as many project proposals as possible; (2 ) use a percentage-of-sales method; (3 ) budget for R&D about what competitors spend; or (4 ) decide how many successful new
products are needed and work backwards to estimate the required R&D investment. Indicate whether the statement is true or false
Who is responsible for operating an enterprise?
a. The auditor. b. The audit committee. c. Management. d. The board of directors.