How does one see an opportunity to create an entrepreneurial venture?

 

A joint venture is an attractive way for a company to enter a new industry when: Select one: 

 

a. The firm has no prior experience with diversification. 

b. The firm needs access to economies of scope and good financial fits in order to be cost-competitive.

c. The firm does not have cash with which to finance a diversification effort. 

d. A firm is missing some essential skills or capabilities or resources and needs a partner to supply the missing expertise and competencies or fill the resource gaps.

Identify which human resources management activity is being illustrated in the following examples:

 

HR management activities:

staffing	compensation & benefits	training & development
compliance	employee relations

 

1) Identify which human resources management activity is being illustrated in the following examples:

 

Why does the government issue patents? The government issues patents:

 

(i) to limit excessive economic profits in the short run before new firms have had time to enter profitable markets. 

(ii) to encourage competition among firms in markets with barriers to entry. 

(iii) to prevent firms from keeping secrets on how a product is made. 

(iv) to ensure that new products are safe and effective for consumers.

(v) to encourage firms to spend money on the research and development necessary to create new products