Which of These Is NOT a Basic Option That Can/should

question 55

Multiple Choice

Which of these is NOT a basic option that can/should be used to pursue global market coverage?

• A) Licensing
• B) Harvesting the business
• C) Maintaining a domestic production base and exporting
• D) Establishing foreign-based plants and distribution

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Definitions:

Good Faith Purchaser

A person who buys property without knowledge of any existing claims, liens, or encumbrances against it.

F.O.B. Hartford

specifies terms of a shipping agreement where the seller is responsible for transportation costs and risks until the goods reach Hartford, at which point the buyer assumes responsibility.

Destination Contract

A contract specifying that the seller will bear the risk and cost of delivering goods to a specific location agreed upon by the seller and the buyer.

Identification of the Goods

The process of specifying or distinguishing goods to be covered by a sales or service contract.