After Exporting, the Next Level of Commitment a Firm Can

question 55

Multiple Choice

After exporting, the next level of commitment a firm can make to a foreign market is a contractual agreement. Two of the most common types of such agreements are ________.

• A) contract manufacturing and contract marketing
• B) contract manufacturing and strategic alliances
• C) joint ventures and franchising
• D) warehousing and financing
• E) licensing and franchising

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Definitions:

Concentration

A measure of the amount of a given substance contained per unit of volume.

Molasses Solution

A liquid mixture made by dissolving molasses, which is a thick, sweet by-product of sugar processing, in water.

Selectively Permeable Membrane

A membrane that allows certain molecules or ions to pass through it by diffusion and occasionally specialized processes.

Distilled Water

Water that has been boiled into vapor and condensed back into liquid, removing impurities and minerals.