e lojuliaiied: Attempt 1 Question 16 (1 point) ABC Co. wants to market their pro
ID: 376122 • Letter: E
Question
e lojuliaiied: Attempt 1 Question 16 (1 point) ABC Co. wants to market their products in Brazil. Armed with the design and manufacturing capability, ABC looks for a company with the distribution channels and knowledge of the Brazilian culture necessary to market their products. After conducting research, ABC decides to form a partnership with XYZ Inc. in Brazil. The company will be jointly owned and operated. n this scenario, ABC Co. forms a(n)with XYZ Inc a) joint venture b) operating subsidiary c) franchise d) licensing agreementExplanation / Answer
ANSWER TO Q.16:
A Joint Venture (JV) is a cooperative enterprises entered into by two or more business entities for the purpose of a specific project or other business activity.
Often the joint venture creates a separate business entity, to which the owners contribute assets, have equity, and agree on how this entity may be managed. The new entity may be a corporation, limited liability company, or partnership.
In other cases, the individual entities retain their individuality and they operate under a joint venture agreement. In any case, the parties in the JV share in the management, profits, and losses, according to a joint venture agreement (contract).
In this case ABC with capabilities in product design and manufacturing forms a joint venture partnership with XYZ company who has strength in distribution channel and local knowledge about Brazilian market. The joint venture partnership is being done in the form of a new company in which both ABC and XYZ own their respective stakes.
ABC FORMS A JV WITH XYZ COMPANY
ANSWER TO Q.22:
In an entrepreneurship, the entrepreneur must deal with lot of ambiguity in his/ her business dealings and say to day life. The entrepreneur must have a mind free of external control and little dependency on others. What is important is that the entrepreneur should have high desire for achievement and will go full length for target achievement.
Therefore, following statements are FALSE about entrepreneurs:
Following therefore is a TRUE statement about entrepreneurs:
AN entrepreneur is characterized by high need for achievement
ANSWER : d) HIGH NEED FOR ACHIEVMENT
Answer to Q.25:
Many cases entrepreneurs start fresh with no or little prior work experience and little money. However, it is his/her grit and risk-taking ability which makes him/ her successful in his/ her journey as entrepreneur.
Following statements about entrepreneurs are therefore FALSE:
They start with huge amount of money and proceed to multiply it
They use the talent gained from experience as foundation for success
They avoid risk and pursue only safe business
Following statement is TRUE about entrepreneurs:
They have inborn qualities that help them succeed in new ventures
ANSWER : d) THEY HAVE INBORN QUALITIES THAT HELP SUCCEED IN NEW VENTURE
ABC FORMS A JV WITH XYZ COMPANY
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