MedPlus Incorporated,based in the United States,hesitates to enter into a joint venture with Azpak Limited,a Sri Lankan company,due to inadequate protection of intellectual property rights.MedPlus is trying to avoid what type of risk?
A)political
B)legal
C)ethical
D)economic
E)ethnographic

Question

Quizplus · Accepted Answer

The inadequate protection of intellectual property rights in Sri Lanka is a legal risk that MedPlus is trying to avoid. Intellectual property rights are necessary for MedPlus to protect their proprietary products, services, and technologies in Sri Lanka. Without adequate legal protection, MedPlus could face counterfeit or imitation products that would limit their profits, market share, and competitive advantage in Sri Lanka.

MedPlus Incorporated,based in the United States,hesitates to Enter into a Joint