11 incorrect which of the following is true of

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sales force may be required in a foreign country.11 INCORRECTWhich of the following is true of franchising?A)It is an important form of horizontal market integration.The franchiser provides market knowledge, capital, and personal involvement in management.
12 UNANSWEREDA _____ refers to a business relationship established by two or more companies to cooperate out of mutual need and to share risk in achieving a common objective.
13 INCORRECTWhen two or more participating companies join forces to create a separate legal entity to facilitate doing business in a country where at least one of them is currently active, is called a _____.
Feedback:Learning Objective: 12-04Topic: Alternative Market-Entry StrategiesLevel of Difficulty: EasyAACSB: AnalyticBloom's Taxonomy: RememberA joint venture is a partnership of two or more participating companies that have joined forces to create a separate legal entity in order to enter a particular market.14 INCORRECTA consortium is different from a joint venture in that a consortium:
Feedback:Learning Objective: 12-04Topic: Alternative Market-Entry StrategiesLevel of Difficulty: HardAACSB: AnalyticBloom's Taxonomy: UnderstandConsortia are similar to joint ventures and could be classified as such exceptfor two unique characteristics: (1) They typically involve a large number of

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