Schacter Corporation has subsidiaries in each country in which it does business. As the parent company, Schacter transfers its core skills in technology and R&D overseas so that each subsidiary remains dependent on it for new products, processes and ideas. This illustrates the:

If shareholders are granted a preemptive right they will:

A. be given the choice of receiving dividends either in cash or in additional shares of stock. B. be paid dividends prior to the preferred shareholders during the preemptive period. C. be entitled to two votes per share of stock. D. be able to choose the timing and amount of any future dividends. E. have priority in the purchase of any newly issued shares.

A major disadvantage of independent retailing is the _____

a. limitation in bargaining power b. latitude in selecting customer markets c. high investment requirements d. inflexibility in developing strategy