An economy is categorized as advanced, developing, or emerging ...

[Evvie72]

An economy is categorized as advanced, developing, or emerging based on per capita income and level of economic development.
 
  Indicate whether the statement is true or false

Question 2

In addition to strategy and structure, what are three other factors that are required to build a successful global firm? Explain your answer in a short essay.
 
  What will be an ideal response?

Question 3

How is compensation typically addressed in international licensing and franchising contracts? What basic issues should be addressed in such contracts?
 
  What will be an ideal response?

[missalyssa26]

Answer to Question 1

TRUE

Answer to Question 2

wohoo thank youuu.

Answer to Question 3

Compensation under a licensing agreement is called a royalty. The royalty is usually paid to the licensor in the form of a flat fee, a fixed amount per unit sold, or, most commonly, a percentage of the sales of the licensed product or service. Although the royalty amount is often determined by prevailing market forces, royalties of 3-5 percent of sales are typical and have long been viewed as reasonable and appropriate. Like licensing agreements, franchising agreements are spelled out in formal contracts, with a typical set of terms. The franchisor generally receives a fixed payment plus a royalty based on the franchisee's sales for the rights to use the franchisor's name, trademarks, formulas, and operating procedures. The franchisee usually agrees to adhere to the franchisor's requirements for appearance, financial reporting, and operating procedures. The basic issues covered in the legal contract should include 1. specifying the boundaries of the agreement, 2. determining compensation, 3. establishing rights, privileges, and constraints, and 4. specifying the duration of the contract.