Digital cash is legal tender that is instantly convertible into other forms of value without the intermediation of any third parties

Whirlpool took a 53 percent stake in the Dutch electronics group Phillips' home appliances business. Sharing ownership and control of this business enabled Whirlpool to leapfrog into the European market. This is an example of ________

A) a straight extension B) a joint venture C) an exporting agreement D) a licensing agreement E) a sprinkler approach

Information technology has enabled businesses to compete in which of the following ways?

A) by being a low-cost producer of a good or service B) by differentiating their products or services C) both A and B D) none of the above