What is a global firm?
A) A firm that operates in one country and exports its goods and services to foreign countries.
B) A firm that operates in more than one country and has a sales and marketing staff in those countries.
C) A firm that operates in more than one country and captures R&D, production, logistical, marketing, and financial advantages not available to purely domestic competitors.
D) A firm that sells its products and services across the world but restricts manufacturing to the home country.
E) A firm that operates in more than one country but restricts the sale of its products to the home country.
Ans: C) A firm that operates in more than one country and captures R&D, production, logistical, marketing, and financial advantages not available to purely domestic competitors.
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When a contract is terminated under its provisions, the earnest money should be returned to the buyer immediately.
a. true b. false
A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers is called a
A) distribution channel. B) supply chain. C) value chain. D) marketing channel. E) information system.