A Company Can Enter a Foreign Market Through a ________

question 162

Multiple Choice

A company can enter a foreign market through a ________, which is a complete form of licensing in which the company offers a complete brand concept and operating system.

• A) contract manufacturing
• B) cooperative agreement
• C) management contract
• D) joint venture
• E) franchising arrangement

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Definitions:

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, contributing to a richer social fabric and promoting mutual understanding.

Migratory Practices

The habits or patterns of movement by people or animals from one location to another, often seasonally or as part of a recurring journey.

Local Resources

Natural or human assets and capabilities originating within a specific locality, utilized for the community's development and sustainability.

Dietary Practices

Refers to the habitual decisions an individual or culture makes when choosing what foods to eat.