ADM 1300 Lecture Notes - Decision-Making, Feeling, Business Ethics

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Matthew Archibald

Document Summary

A partnership is affiliations of two or more companies that help each other achieve common goals. Licensing is a means of establishing a foothold in foreign markets without large capital outlays. Patent rights, trademark rights, and the rights to use technological processes are granted in foreign licensing. Franchising: a form of licensing in which the franchisor provides a standard package of products, systems, and management services, and the franchisee provides market knowledge, capital, and personal involvement in management. Contract manufacturing arrangements enable entry into markets where local production is necessary (e. g. , due to high shipping costs or import tariffs) or when there is a need to contain sales prices by accessing cheaper labour. International alliance: a business relationship established by two or more companies to cooperate out of mutual need and to share risk in achieving a common objective. International joint ventures: a partnership of two or more companies that join forces to create a separate legal entity.