Exporting and Licensing Are the Most Appropriate Ways for Smaller

question 49

True/False

Exporting and licensing are the most appropriate ways for smaller firms to first enter international markets.

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Definitions:

Cloudsourcing

Cloudsourcing combines "cloud computing" and "outsourcing," referring to the practice of obtaining services, computing resources, or infrastructure management from external providers through the internet.

Revamped Products

Products that have been significantly redesigned or updated with new features or improvements to meet current market demands.

Manufacturer

A company or person that produces finished goods from raw materials in large quantities for sale.

Risk

The potential for losing something of value or the exposure to danger, harm, or loss, often evaluated in decision-making processes.