OPEC can be considered as a "cartel" which is a group of separate companies that collectively:
A) sets prices, controls output, or takes other actions to maximize profits.
B) dictates how other countries should use their products.
C) produces more products in order to beat the competition.
D) conducts activities that are considered illegal in the United States.
E) works on forming a union against management of other companies.
A
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Selling the rights to use your company's brand name in return for a lump-sum payment and a share of the profits generated is referred to as:
A. Franchising B. Licensing C. Entering a joint venture D. Exporting E. Royalty facilitation
Subtypes should be used when:
A) there are attributes that apply to some but not all instances of an entity type. B) supertypes relate to objects outside the business. C) the instances of a subtype do not participate in a relationship that is unique to that subtype. D) none of the above.