Lower Costs in the Form of Cheaper Labor or Raw

question 79

Multiple Choice

Lower costs in the form of cheaper labor or raw materials,foreign government investment incentives,freight savings,and the opportunity to improve the company image are all factors that would likely lead a company to ________ in a foreign market.

• A) use direct exporting
• B) begin licensing
• C) conduct management contracting
• D) initiate joint ownerships
• E) make a direct investment

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Definitions:

Confidence Interval

An interval of values obtained from statistical study of a sample, which is believed to cover the value of a hidden population parameter.

Applicants

Individuals or entities that apply for something, such as a job, grant, or college admission.

Chemistry Department

A specific division within a college or university focusing on the study and teaching of chemistry.

Sample Mean

The average value of a sample, used to estimate the population mean.