Caterpillar's CEO, Donald V. Fites, makes it clear that the ...

[hbsimmons88]

Caterpillar's CEO, Donald V. Fites, makes it clear that the biggest reason for Caterpillar's success has been:
 a. A great product.
  b. An emphasis on product differentiation.
  c. Competitive prices.
  d. Its system of distribution and product support.
  e. Its product development expertise.

Question 2

The primary difference between a subsidiary and a branch office is that subsidiaries are separate entities, while branch offices are entities that are part of the international company.
 
 Indicate whether the statement is true or false

[Dominic]

Answer to Question 1

D

Answer to Question 2

T
The primary difference between a subsidiary and a branch office is that subsidiaries are separate entities, while branch offices are entities that are part of the international company. Companies that set up branch offices abroad often have to engage in substantial investments. However, the risk is less for branch offices than for subsidiaries. In a government takeover attempt, there is much less to lose.