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katrin [286]
3 years ago
12

Worldwide Minerals Inc. wants to expand into the international market. It does not want to spend a very large amount of money fo

r this process. However, Worldwide Minerals wants to maintain some control in the foreign market. Which of the following would be the best entry mode for this firm?
a. Joint ventures
b. acquisitions
c. greenfield operations
d. exports
Business
1 answer:
slavikrds [6]3 years ago
8 0

Answer: Option A

                       

Explanation: In simple words, joint ventures refers to the business arrangement under which two or more independent parties join their operation for the purpose of doing business more effectively.

Worldwide can go for joint venture as it would be less costly then mergers and acquisitions since they have to buy a part of the entity also they can control the entity as per their share in it.

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Answer:

C) The invisible hand

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This is also a clear example to what Adam Smith was referring to the invisible hand:

"in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. " Adam Smith, The Wealth of Nations, Book 4, Chapter 2

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3 years ago
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4 0
3 years ago
In which situation would a banker's draft be used?
MrMuchimi

Banker's draft can be used when the person making the payment wants money to be

available in the receiving bank's account.

<h3>What is bank draft?</h3>

Banker's draft is a a form of cheque that is given to a customer at the bank either for a purchase payment.

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Therefore, a banker draft can be used when the person making the payment wants money to be

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Learn more on bank's draft here,

https://brainly.com/question/6906511

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