A Firm must know the laws of a country in which it wants to conduct business and it must understand how the laws are reinforced. Is this statement true or false? Question 1 options: a) True b) False
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A Firm must know the laws of a country in which it wants to conduct business and it must understand how the laws are reinforced. Is this statement true or false?
Question 1 options:
| a) True | |
| b) False |
As companies expand globally, it is important for them to be aware of the laws and regulations in the countries where they operate. In order to avoid legal complications and ensure compliance, firms must have a good understanding of the legal framework and enforcement mechanisms of each country in which they do business.
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- how did you find the A2Question 1 Read the following extract and then answer the questions below.Part A Mr. Baeti has been engaged by Local Enterprise Authority (LEA) as a consultant. He is tasked to carry out a workshop for LEA beneficiaries and the objectives of the workshop is to teach or equip members with knowledge how the contract of Agency can be authorised in order for it to be in place. The reason for this is that LEA members are struggling to reach out to their customers and grow their business. Mr. Baeti wants to teach the members about the various sources of authority that may lead to the existence of an Agency. What are those available authorities that Mr. Baeti should teach these LEA members about? In doing so and where necessary, Mr. Baeti should give examples of relevant cases to support his answer. Explain in detail what Mr. Baeti should discuss with LEA members Part B Assist Mr. Baeti to list 5 duties of an agent.In spite of all the globalization efforts, there remain huge differences in local consumption patterns, which are affected by many factors, such as climate, local dietary preferences, local regulations, different use for similar items, difference in motivations and buying behaviors and many other location-specific factors. Is this statement true or false? Question 27 options: a) True b) False
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- Which of the following is NOT a successful exporting strategy used by 3M? Question 32 options: Add additional products once exporting becomes successful. Enter many markets at one time to gain maximum exposure. Hire local to promote the firm's products. Enter on a small scale to reduce risks.Question 1: Should the marketing budget be maintained or increased during a recession or economic downturn? During a recession, the immediate desire of many companies is often to simply cut costs. The marketing department can be selected for this cut and in some cases is the first area cut. One could argue that the marketing spend is the one spend or investment in a company which should be maintained or even increased during a recession or economic downturn. Take a position: Marketing spend should be maintained or increased during a recession or economic downturn versus Marketing spend should be cut along with all the other spending in the organisation.Question. 1 A) Define Law. B) Draw a chart of legislation process and discuss the process of legislation in Pakistan. C) Define the term contract and list all the essentials of a valid contract. Note:- Donot Copy paste from internet Sources, it will be better if you write in your own words
